Centiva Capital LP Raises Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Centiva Capital LP raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 184.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,137 shares of the financial services provider's stock after purchasing an additional 9,168 shares during the period. Centiva Capital LP's holdings in OneMain were worth $665,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in OneMain by 7,566.2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock valued at $34,824,000 after purchasing an additional 708,804 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of OneMain in the 3rd quarter worth $17,016,000. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 270,207 shares during the period. Argent Capital Management LLC lifted its position in shares of OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider's stock valued at $32,631,000 after acquiring an additional 169,339 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in OneMain in the 2nd quarter worth about $6,789,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Price Performance

Shares of NYSE OMF traded up $0.14 during mid-day trading on Friday, hitting $57.43. 657,960 shares of the stock traded hands, 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 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $49.26. The company has a market cap of $6.85 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.24%. OneMain's payout ratio is 91.03%.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the chief executive officer now directly owns 417,474 shares of the company's stock, valued at $20,873,700. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,178 shares of company stock valued at $2,107,084 in the last three months. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. Barclays downgraded shares of OneMain from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company increased their target price on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Compass Point upped their price target on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $55.46.

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.