Harbor Investment Advisory LLC lowered its stake in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,677 shares of the financial services provider's stock after selling 345 shares during the quarter. Harbor Investment Advisory LLC's holdings in OneMain were worth $175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of OneMain by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider's stock worth $589,256,000 after buying an additional 51,537 shares in the last quarter. Capital International Investors raised its holdings in shares of OneMain by 77.1% during the 1st quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider's stock worth $466,646,000 after acquiring an additional 4,284,232 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of OneMain by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 3,126,854 shares of the financial services provider's stock valued at $148,244,000 after acquiring an additional 174,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of OneMain by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,212,840 shares of the financial services provider's stock valued at $104,913,000 after purchasing an additional 140,242 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in OneMain by 0.3% in the second quarter. Wedge Capital Management L L P NC now owns 1,797,468 shares of the financial services provider's stock worth $67,189,000 after purchasing an additional 4,816 shares during the last quarter. Institutional investors own 81.90% of the company's stock.

OneMain Stock Down 5.7 %

OMF opened at $29.21 on Tuesday. The business has a fifty day moving average of $36.90 and a 200 day moving average of $40.89. The stock has a market cap of $3.61 billion, a P/E ratio of 3.55 and a beta of 1.60. OneMain Holdings, Inc. has a 52-week low of $29.19 and a 52-week high of $60.38.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 8th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $3.80 annualized dividend and a yield of 13.01%. OneMain's dividend payout ratio (DPR) is currently 46.17%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of OneMain from $62.00 to $51.00 and set an "outperform" rating for the company in a research report on Tuesday, August 2nd. BMO Capital Markets dropped their price target on OneMain from $58.00 to $50.00 in a research report on Monday, August 1st. JMP Securities decreased their price objective on OneMain from $68.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Friday, July 15th. Barclays lowered their price objective on OneMain from $72.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. Finally, Wells Fargo & Company downgraded OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $65.00 to $40.00 in a research report on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $57.91.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman bought 1,150 shares of the stock in a transaction on Monday, August 1st. The stock was bought at an average price of $37.08 per share, for a total transaction of $42,642.00. Following the completion of the acquisition, the chief executive officer now directly owns 337,936 shares in the company, valued at $12,530,666.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company's stock.

OneMain Company Profile

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OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

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