OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,650 shares of the financial services provider’s stock after purchasing an additional 1,016 shares during the quarter. Assetmark Inc.’s holdings in OneMain were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its holdings in shares of OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 245 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after acquiring an additional 373,900 shares during the period. Edgestream Partners L.P. grew its position in shares of OneMain by 31.2% during the first quarter. Edgestream Partners L.P. now owns 40,399 shares of the financial services provider’s stock worth $2,064,000 after acquiring an additional 9,597 shares during the last quarter. Covestor Ltd raised its position in OneMain by 82.1% in the 1st quarter. Covestor Ltd now owns 3,457 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $48.00, for a total value of $120,000.00. Following the sale, the chief operating officer now directly owns 112,025 shares of the company’s stock, valued at approximately $5,377,200. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $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 a total of 44,292 shares of company stock valued at $2,307,784 in the last quarter. 0.45% of the stock is currently owned by company insiders.

OneMain Stock Up 1.3 %

OMF opened at $55.49 on Friday. The firm has a market cap of $6.62 billion, a P/E ratio of 12.14, a PEG ratio of 0.67 and a beta of 1.54. The business’s fifty day simple moving average is $48.27 and its 200 day simple moving average is $48.64. OneMain Holdings, Inc. has a 52 week low of $37.78 and a 52 week high of $56.28.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.50%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Analyst Ratings Changes

OMF has been the subject of a number of recent research reports. Northland Securities increased their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Stephens began coverage on OneMain in a report on Wednesday. They set an “overweight” rating and a $62.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Finally, JMP Securities boosted their price target 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.46.

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.