Larson Financial Group LLC Has $2.17 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,090 shares of the financial services provider’s stock after purchasing an additional 2,311 shares during the period. Larson Financial Group LLC’s holdings in OneMain were worth $2,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its position in OneMain by 23.6% during the 3rd quarter. Cerity Partners LLC now owns 41,863 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 7,989 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after buying an additional 30,558 shares in the last quarter. Aviance Capital Partners LLC lifted its position in OneMain by 2.2% during the 3rd quarter. Aviance Capital Partners LLC now owns 29,031 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 614 shares in the last quarter. Quest Partners LLC lifted its position in OneMain by 430.4% during the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 31,341 shares in the last quarter. Finally, Swiss National Bank lifted its position in OneMain by 4.5% during the 3rd quarter. Swiss National Bank now owns 234,000 shares of the financial services provider’s stock worth $11,014,000 after buying an additional 10,100 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the company’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 $130,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the company’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 transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,792 shares of company stock valued at $2,187,784. 0.45% of the stock is owned by corporate insiders.

OneMain Stock Performance

NYSE OMF opened at $56.60 on Monday. The business has a 50 day simple moving average of $49.39 and a 200 day simple moving average of $48.76. OneMain Holdings, Inc. has a 52-week low of $37.93 and a 52-week high of $56.85. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.70 and a beta of 1.54.

OneMain Announces Dividend

The firm 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 of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.35%. OneMain’s payout ratio is 91.03%.

Analysts Set New Price Targets

OMF has been the topic of a number of research reports. 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 research report on Thursday, October 31st. Stephens initiated coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Northland Securities upped their target price on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.46.

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.