UMB Bank n.a. Sells 200 Shares of OneMain Holdings, Inc. (NYSE:OMF)

UMB Bank n.a. cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 9.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,826 shares of the financial services provider’s stock after selling 200 shares during the period. UMB Bank n.a.’s holdings in OneMain were worth $95,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in OneMain during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new position in OneMain in the 3rd quarter worth approximately $28,000. Abich Financial Wealth Management LLC lifted its position in OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,492 shares of company stock worth $1,582,384. Company insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $58.03 on Friday. The stock has a 50-day simple moving average of $54.52 and a two-hundred day simple moving average of $50.47. The firm has a market capitalization of $6.93 billion, a PE ratio of 12.70, a P/E/G ratio of 0.48 and a beta of 1.58. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.22.

OneMain Announces Dividend

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 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is 91.03%.

Analysts Set New Price Targets

OMF has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JMP Securities raised their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of OneMain in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.69.

Read Our Latest Stock Analysis on OneMain

OneMain Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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