Orion Portfolio Solutions LLC Has $500,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Orion Portfolio Solutions LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 65.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,621 shares of the financial services provider’s stock after purchasing an additional 4,188 shares during the period. Orion Portfolio Solutions LLC’s holdings in OneMain were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after acquiring an additional 270,207 shares during the period. State Street Corp grew its stake in OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after acquiring an additional 16,615 shares during the period. Clearbridge Investments LLC grew its stake in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after acquiring an additional 24,338 shares during the period. Charles Schwab Investment Management Inc. grew its stake in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after acquiring an additional 30,558 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in OneMain by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after acquiring an additional 12,938 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Performance

OMF opened at $53.78 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The firm has a market capitalization of $6.42 billion, a PE ratio of 11.77, a PEG ratio of 0.69 and a beta of 1.56. The business’s 50-day simple moving average is $52.43 and its 200 day simple moving average is $49.58.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.74%. OneMain’s dividend payout ratio is 91.03%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.08.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of the company’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 $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 in the company, 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 37,778 shares of company stock worth $1,996,684 over the last 90 days. Company insiders own 0.45% of the company’s stock.

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.