Assenagon Asset Management S.A. Invests $17.02 Million in OneMain Holdings, Inc. (NYSE:OMF)

Assenagon Asset Management S.A. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 361,506 shares of the financial services provider’s stock, valued at approximately $17,016,000. Assenagon Asset Management S.A. owned about 0.30% of OneMain at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of OneMain by 10.2% during the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the period. Principal Financial Group Inc. boosted its position in OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after purchasing an additional 708,804 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after purchasing an additional 373,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Down 0.1 %

OMF opened at $46.47 on Friday. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $54.94. The firm has a market capitalization of $5.57 billion, a PE ratio of 9.54, a PEG ratio of 0.89 and a beta of 1.56. The firm’s 50-day moving average price is $46.97 and its 200 day moving average price is $48.28.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same period in the previous year, the firm posted $1.01 EPS. As a group, analysts predict that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is presently 85.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of OneMain in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Northland Securities increased their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the sale, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,300 shares of company stock worth $1,534,275 in the last quarter. Company insiders own 0.45% of the company’s stock.

OneMain 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.