Legend Financial Advisors Inc. Takes $26,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Legend Financial Advisors Inc. bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 500 shares of the financial services provider’s stock, valued at approximately $26,000.

Other hedge funds have also modified their holdings of the company. Continuum Advisory LLC purchased a new stake in shares of OneMain during the third quarter valued at $28,000. Blue Trust Inc. lifted its stake in OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake 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 worth $59,000 after acquiring an additional 264 shares in the last quarter. UMB Bank n.a. lifted 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 acquiring an additional 247 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE OMF traded up $0.22 during mid-day trading on Tuesday, reaching $53.41. 1,241,605 shares of the company traded hands, compared to its average volume of 852,901. The stock has a market cap of $6.37 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58. The company’s fifty day moving average is $54.14 and its two-hundred day moving average is $50.03. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the firm’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 value of $103,584.00. Following the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’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 completion of the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % 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 90 days. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OMF shares. JMP Securities increased their price objective on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Stephens began coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus price target of $56.08.

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.