State Street Corp Raises Position in OneMain Holdings, Inc. (NYSE:OMF)

State Street Corp raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 0.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,140,861 shares of the financial services provider's stock after purchasing an additional 16,615 shares during the quarter. State Street Corp owned 1.79% of OneMain worth $100,770,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock worth $34,824,000 after acquiring an additional 708,804 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of OneMain during the third quarter valued at $17,016,000. Janus Henderson Group PLC boosted its position in shares of OneMain by 69.0% during 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 buying an additional 315,640 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock worth $159,465,000 after buying an additional 270,207 shares in the last quarter. Finally, Argent Capital Management LLC lifted its stake in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider's stock valued at $32,631,000 after acquiring an additional 169,339 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 886 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at approximately $5,236,950. This represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction 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 represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,778 shares of company stock valued at $1,996,684. Corporate insiders own 0.45% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF traded up $0.05 during trading on Monday, hitting $55.73. 768,006 shares of the company's stock were exchanged, compared to its average volume of 1,001,687. The business's 50-day simple moving average is $52.43 and its 200 day simple moving average is $49.58. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.46%. OneMain's dividend payout ratio is 91.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on OMF shares. JMP Securities boosted their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their target price on shares of OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, OneMain has a consensus rating of "Moderate Buy" and an average 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.