Edgestream Partners L.P. Has $1.29 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Edgestream Partners L.P. reduced its stake in OneMain Holdings, Inc. (NYSE:OMF) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors have also recently made changes to their positions in OMF. Principal Financial Group Inc. grew its stake in OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after acquiring an additional 708,804 shares during the period. Assenagon Asset Management S.A. acquired a new stake in OneMain in the 3rd quarter valued at $17,016,000. Dimensional Fund Advisors LP increased its stake in OneMain by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares in the last quarter. Argent Capital Management LLC raised its holdings in OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after buying an additional 169,339 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of OneMain in the second quarter valued at $6,789,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $57.28 on Wednesday. The company’s fifty day moving average price is $50.64 and its 200-day moving average price is $49.09. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.70 and a beta of 1.56. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $57.97.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.26%. OneMain’s payout ratio is 91.03%.

Analyst Ratings Changes

Several research firms have recently commented on OMF. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus price target of $55.46.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 886 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. This represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the sale, the senior vice president now owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. This represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,178 shares of company stock valued at $2,107,084. Corporate 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.