OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 827,710 shares of the financial services provider's stock after buying an additional 18,534 shares during the period. Argent Capital Management LLC owned approximately 0.69% of OneMain worth $43,149,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in shares of OneMain in the 3rd quarter worth about $17,016,000. Janus Henderson Group PLC lifted its position 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 buying an additional 315,640 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock worth $159,465,000 after buying an additional 270,207 shares during the period. Lodge Hill Capital LLC purchased a new stake in OneMain during the second quarter worth approximately $6,789,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of OneMain in the second quarter worth $6,760,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % 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 in the last quarter. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

OMF has been the topic of several recent research reports. JMP Securities lifted their target price on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price target on shares of OneMain in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $56.31.

OneMain Trading Up 0.6 %

NYSE OMF traded up $0.31 on Thursday, hitting $54.74. 719,970 shares of the stock traded hands, compared to its average volume of 842,507. The company has a market capitalization of $6.53 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58. The stock has a 50-day moving average of $54.45 and a 200 day moving average of $50.23. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.60%. The ex-dividend date was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

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.