OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 34.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,359 shares of the financial services provider’s stock after selling 5,355 shares during the period. Congress Wealth Management LLC DE’s holdings in OneMain were worth $540,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC bought a new stake in OneMain during the 4th quarter valued at $26,000. Albion Financial Group UT bought a new position in shares of OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the third quarter valued at $28,000. Finally, IFP Advisors Inc raised its stake in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

OMF has been the topic of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Evercore ISI began coverage on OneMain in a research report on Tuesday. They issued an “in-line” rating and a $58.00 target price for the company. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Six equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.17.

OneMain Stock Performance

Shares of OMF opened at $48.43 on Friday. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90. The company has a market capitalization of $5.78 billion, a PE ratio of 11.42, a PEG ratio of 0.44 and a beta of 1.62. The company’s 50 day moving average price is $53.20 and its 200 day moving average price is $51.93.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.59%. OneMain’s payout ratio is 98.11%.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.