My Legacy Advisors LLC Invests $226,000 in OneMain Holdings, Inc. (NYSE:OMF)

My Legacy Advisors LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,149 shares of the financial services provider’s stock, valued at approximately $226,000.

Several other large investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors grew its stake in OneMain by 9.8% during the 4th quarter. Arkadios Wealth Advisors now owns 4,927 shares of the financial services provider’s stock worth $257,000 after buying an additional 439 shares during the last quarter. Argent Capital Management LLC grew its stake in OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after buying an additional 18,534 shares during the last quarter. Burney Co. grew its stake in OneMain by 11.0% during the 4th quarter. Burney Co. now owns 29,456 shares of the financial services provider’s stock worth $1,536,000 after buying an additional 2,927 shares during the last quarter. Peak Financial Advisors LLC grew its stake in OneMain by 3.3% during the 4th quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock worth $500,000 after buying an additional 310 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in OneMain by 11.5% during the 4th quarter. Park Avenue Securities LLC now owns 8,784 shares of the financial services provider’s stock worth $458,000 after buying an additional 904 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the transaction, the chief operating officer now owns 102,239 shares of the company’s stock, valued at $5,316,428. This represents a 2.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares in the company, valued at approximately $21,861,122. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OMF. JMP Securities boosted their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of OneMain in a research note on Thursday. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.31.

OneMain Trading Down 0.0 %

Shares of OMF opened at $54.73 on Monday. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The stock’s 50 day moving average is $54.46 and its two-hundred day moving average is $50.32. The firm has a market capitalization of $6.53 billion, a PE ratio of 11.98, a P/E/G ratio of 0.44 and a beta of 1.58.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is 91.03%.

OneMain Company 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.