Sumitomo Mitsui Trust Group Inc. Has $1.11 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 41.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 23,491 shares of the financial services provider's stock after selling 16,478 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in OneMain were worth $1,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of OneMain by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider's stock valued at $629,314,000 after buying an additional 373,900 shares during the period. Capital International Investors boosted its position in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider's stock valued at $488,937,000 after purchasing an additional 889,387 shares during the period. Dimensional Fund Advisors LP increased its holdings in OneMain by 9.0% in the second 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 during the last quarter. Clearbridge Investments LLC grew its position in shares of OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock valued at $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of OneMain by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider's stock valued at $56,713,000 after purchasing an additional 12,938 shares during the period. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares of the company's stock, valued at $1,184,362. The trade was a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the business's 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 sale, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,292 shares of company stock valued at $2,307,784. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on OMF shares. JMP Securities upped their price target on 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 target price on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. StockNews.com downgraded OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price on OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.46.

OneMain Price Performance

Shares of NYSE:OMF traded up $0.43 on Wednesday, reaching $54.95. The company's stock had a trading volume of 589,299 shares, compared to its average volume of 1,015,789. OneMain Holdings, Inc. has a 52-week low of $37.78 and a 52-week high of $56.28. The stock has a market capitalization of $6.56 billion, a P/E ratio of 12.02, a PEG ratio of 0.68 and a beta of 1.54. The stock's 50-day moving average is $48.94 and its two-hundred day moving average is $48.72.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's payout ratio is currently 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.