Stock Traders Buy High Volume of Call Options on OneMain (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) was the recipient of some unusual options trading on Monday. Investors acquired 6,319 call options on the stock. This is an increase of 251% compared to the typical volume of 1,798 call options.

Analyst Ratings Changes

Several research firms have commented on OMF. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Stephens started coverage on OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.08.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at approximately $985,660. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares in the company, valued at approximately $21,861,122. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 over the last three months. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OMF. Assenagon Asset Management S.A. acquired a new position in OneMain during the third quarter valued at approximately $17,016,000. Janus Henderson Group PLC boosted its holdings in OneMain by 69.0% during the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock valued at $36,377,000 after acquiring an additional 315,640 shares during the period. Dimensional Fund Advisors LP grew its position in shares of OneMain by 9.0% in the second 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 during the last quarter. Lodge Hill Capital LLC bought a new position in shares of OneMain in the second quarter worth about $6,789,000. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of OneMain during the 2nd quarter worth about $6,760,000. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 0.4 %

OMF stock opened at $53.10 on Tuesday. The firm has a market cap of $6.34 billion, a PE ratio of 11.62, a PEG ratio of 0.69 and a beta of 1.58. OneMain has a 1 year low of $41.70 and a 1 year high of $57.97. The company has a fifty day simple moving average of $54.14 and a 200 day simple moving average of $50.03.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.83%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

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.