Dynamic Technology Lab Private Ltd Makes New Investment in OneMain Holdings, Inc. (NYSE:OMF)

Dynamic Technology Lab Private Ltd purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,241 shares of the financial services provider's stock, valued at approximately $1,424,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $34,000. Blue Trust Inc. increased its stake in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock worth $49,000 after buying an additional 304 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of OneMain by 32.6% during 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 currently owned by hedge funds and other institutional investors.

OneMain Stock Performance

OneMain stock opened at $57.13 on Wednesday. The stock's 50 day moving average price is $49.59 and its 200 day moving average price is $48.80. The firm has a market capitalization of $6.82 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a one year low of $37.93 and a one year high of $57.97.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.28%. The ex-dividend date was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,792 shares of company stock valued at $2,187,784. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

OMF has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. Stephens initiated coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target on the stock. Compass Point increased their price target 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. Wells Fargo & Company increased their price target 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. Finally, JMP Securities increased their price objective on OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.