Sanctuary Advisors LLC Has $819,000 Stake in OneMain Holdings, Inc. (NYSE:OMF)

Sanctuary Advisors LLC raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 143.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,405 shares of the financial services provider's stock after acquiring an additional 10,253 shares during the quarter. Sanctuary Advisors LLC's holdings in OneMain were worth $819,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in OneMain during the third quarter valued at $28,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain during the 2nd quarter valued at about $34,000. Blue Trust Inc. grew its stake in shares of OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider's stock valued at $59,000 after buying an additional 476 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock valued at $59,000 after buying an additional 264 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of NYSE OMF traded up $1.04 during mid-day trading on Tuesday, hitting $52.99. The company had a trading volume of 333,940 shares, compared to its average volume of 996,450. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $57.97. The firm has a market cap of $6.32 billion, a P/E ratio of 11.60, a PEG ratio of 0.69 and a beta of 1.56. The business's 50-day simple moving average is $53.16 and its 200-day simple moving average is $49.74.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.85%. The ex-dividend date was Tuesday, November 12th. OneMain's payout ratio is presently 91.03%.

Insider Activity

In related news, SVP Michael A. Hedlund sold 1,992 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares in the company, valued at $985,660. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,492 shares of company stock worth $1,582,384. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OMF shares. Stephens initiated coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of OneMain from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.08.

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.