Edgestream Partners L.P. Sells 6,007 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Edgestream Partners L.P. trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 18.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,294 shares of the financial services provider’s stock after selling 6,007 shares during the period. Edgestream Partners L.P.’s holdings in OneMain were worth $1,285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OMF. Blue Trust Inc. raised its stake in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the last quarter. UMB Bank n.a. boosted its stake in OneMain by 13.9% in the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 247 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in OneMain by 27.4% during 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 purchasing an additional 264 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in OneMain by 6.9% in the second quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock worth $205,000 after buying an additional 272 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 0.3 %

OMF opened at $57.28 on Wednesday. The firm’s 50 day simple moving average is $50.64 and its two-hundred day simple moving average is $49.09. The company has a market capitalization of $6.84 billion, a PE ratio of 12.53, a PEG ratio of 0.70 and a beta of 1.56. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $57.97.

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 given 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 7.26%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. The trade was a 10.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,178 shares of company stock valued at $2,107,084. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Stephens began coverage on OneMain in a report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.