Independent Advisor Alliance Buys 669 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Independent Advisor Alliance raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,158 shares of the financial services provider’s stock after buying an additional 669 shares during the quarter. Independent Advisor Alliance’s holdings in OneMain were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMF. EdgeRock Capital LLC bought a new stake in shares of OneMain in the second quarter worth $31,000. International Assets Investment Management LLC purchased a new position in OneMain in the second quarter worth about $34,000. Blue Trust Inc. grew its stake in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC increased its position in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 437 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Micah R. Conrad sold 2,500 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 $130,000.00. Following the completion of the sale, the chief operating officer now owns 102,239 shares in the company, valued at $5,316,428. This represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,178 shares of company stock worth $2,107,084. Insiders own 0.45% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $56.97 on Thursday. The firm has a market cap of $6.80 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a 1 year low of $39.25 and a 1 year high of $57.97. The company has a 50 day simple moving average of $49.76 and a two-hundred day simple moving average of $48.85.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.30%. OneMain’s payout ratio is 91.03%.

Analyst Ratings Changes

OMF has been the subject of several recent research reports. Stephens assumed coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. JMP Securities upped their price target on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.46.

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.