18,177 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Atom Investors LP

Atom Investors LP purchased a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,177 shares of the financial services provider's stock, valued at approximately $856,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in OneMain during the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in OneMain during the second quarter valued at approximately $34,000. Blue Trust Inc. lifted its holdings in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock worth $59,000 after acquiring an additional 264 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after buying an additional 437 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Down 0.0 %

OMF traded down $0.02 during midday trading on Wednesday, hitting $57.25. 559,645 shares of the company traded hands, compared to its average volume of 1,005,076. The firm has a market capitalization of $6.83 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.70 and a beta of 1.56. The company's 50-day moving average is $50.89 and its 200 day moving average is $49.15. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week 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 given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's payout ratio is currently 91.03%.

Wall Street Analysts Forecast Growth

OMF has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Barclays downgraded shares of OneMain from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Stephens initiated coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 price objective on the stock. Compass Point boosted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.46.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares of the company's stock, valued at $1,047,350. This trade represents a 10.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 886 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares of the company's stock, valued at approximately $5,236,950. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,178 shares of company stock valued at $2,107,084 in the last quarter. 0.45% of the stock is currently owned by insiders.

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.