OneMain Holdings, Inc. (NYSE:OMF) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 675.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,999 shares of the financial services provider's stock after purchasing an additional 41,808 shares during the period. BNP Paribas Financial Markets' holdings in OneMain were worth $2,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock worth $159,465,000 after purchasing an additional 270,207 shares during the last quarter. Clearbridge Investments LLC grew its holdings in OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock worth $92,827,000 after buying an additional 24,338 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in OneMain by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock valued at $66,483,000 after acquiring an additional 30,558 shares during the period. Bank of New York Mellon Corp raised its stake in OneMain by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider's stock valued at $56,713,000 after acquiring an additional 12,938 shares in the last quarter. Finally, Argent Capital Management LLC boosted its position in OneMain by 20.2% during the 3rd quarter. Argent Capital Management LLC now owns 809,176 shares of the financial services provider's stock worth $38,088,000 after acquiring an additional 136,224 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares of the company's stock, valued at $1,047,350. The trade was a 10.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,178 shares of company stock valued at $2,107,084. Company insiders own 0.45% of the company's stock.

OneMain Price Performance

NYSE OMF traded up $0.14 on Friday, hitting $57.43. 657,960 shares of the company were exchanged, compared to its average volume of 930,834. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The firm has a market capitalization of $6.85 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56. The company's 50 day moving average price is $51.32 and its 200-day moving average price is $49.26.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.24%. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Compass Point lifted 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. Stephens assumed coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target for the company. JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their target price on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock 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.