JPMorgan Chase & Co. Decreases Stake in OneMain Holdings, Inc. (NYSE:OMF)

JPMorgan Chase & Co. decreased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,171 shares of the financial services provider's stock after selling 14,580 shares during the period. JPMorgan Chase & Co. owned about 0.15% of OneMain worth $8,198,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in shares of OneMain in the 3rd quarter worth about $17,016,000. Janus Henderson Group PLC increased its stake 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 purchasing an additional 315,640 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock valued at $159,465,000 after buying an additional 270,207 shares during the last quarter. Lodge Hill Capital LLC bought a new position in OneMain in the 2nd quarter worth approximately $6,789,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in OneMain in the 2nd quarter valued at approximately $6,760,000. 85.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OMF shares. Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares of the company's stock, valued at $985,660. The trade was a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock worth $1,582,384 in the last ninety days. Company insiders own 0.45% of the company's stock.

OneMain Stock Up 1.9 %

Shares of OMF traded up $0.99 during midday trading on Tuesday, reaching $53.57. 868,113 shares of the stock were exchanged, compared to its average volume of 828,939. The stock's 50 day simple moving average is $54.41 and its 200 day simple moving average is $50.16. The company has a market cap of $6.39 billion, a P/E ratio of 11.72, a PEG ratio of 0.69 and a beta of 1.58. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.77%. OneMain's dividend payout ratio (DPR) is presently 91.03%.

OneMain 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.