Aviance Capital Partners LLC Buys 614 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Aviance Capital Partners LLC increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,031 shares of the financial services provider’s stock after acquiring an additional 614 shares during the period. Aviance Capital Partners LLC’s holdings in OneMain were worth $1,366,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OMF. US Bancorp DE increased its stake in shares of OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares in the last quarter. Vanguard Group Inc. increased its stake in OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of OneMain by 31.2% during the first quarter. Edgestream Partners L.P. now owns 40,399 shares of the financial services provider’s stock valued at $2,064,000 after purchasing an additional 9,597 shares during the period. Clearbridge Investments LLC boosted its position in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of OneMain by 5.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 123,411 shares of the financial services provider’s stock valued at $6,309,000 after buying an additional 6,754 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

NYSE:OMF opened at $55.05 on Tuesday. OneMain Holdings, Inc. has a 52 week low of $37.78 and a 52 week high of $56.28. The firm has a 50-day moving average price of $48.27 and a two-hundred day moving average price of $48.62. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.54.

OneMain Dividend Announcement

The firm also recently declared 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OMF shares. JMP Securities increased their price target on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their price target 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. Northland Securities upped their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.46.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,292 shares of company stock valued at $2,307,784. Insiders own 0.45% of the company’s stock.

About OneMain

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.