OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,359 shares of the financial services provider's stock after selling 5,355 shares during the quarter. Congress Wealth Management LLC DE's holdings in OneMain were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. William Blair Investment Management LLC purchased a new position in OneMain during the 4th quarter worth approximately $46,195,000. Janus Henderson Group PLC boosted its holdings in shares of OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock valued at $36,377,000 after acquiring an additional 315,640 shares during the period. American Century Companies Inc. grew its position in shares of OneMain by 29.2% during the fourth quarter. American Century Companies Inc. now owns 957,589 shares of the financial services provider's stock worth $49,919,000 after acquiring an additional 216,157 shares during the last quarter. Basswood Capital Management L.L.C. increased its holdings in shares of OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider's stock valued at $48,502,000 after acquiring an additional 113,018 shares during the period. Finally, Principal Financial Group Inc. raised its position in OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after purchasing an additional 87,084 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OMF. Stephens reissued an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Evercore ISI assumed coverage on OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.17.

OneMain Stock Up 2.9 %

OMF stock traded up $1.41 on Wednesday, reaching $50.48. 183,599 shares of the company's stock were exchanged, compared to its average volume of 988,270. The stock has a fifty day moving average of $52.95 and a 200-day moving average of $52.10. The firm has a market cap of $6.03 billion, a PE ratio of 11.90, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.