Argent Capital Management LLC Buys 136,224 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Argent Capital Management LLC lifted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 20.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 809,176 shares of the financial services provider's stock after buying an additional 136,224 shares during the quarter. Argent Capital Management LLC owned about 0.68% of OneMain worth $38,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in OneMain during the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in OneMain during the 2nd quarter valued at approximately $34,000. Blue Trust Inc. raised its stake in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC grew its holdings in OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock valued at $49,000 after buying an additional 304 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock valued at $86,000 after buying an additional 437 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on 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 approximately $1,047,350. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael A. Hedlund sold 2,400 shares of the firm's 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 sale, the senior vice president now owns 20,947 shares of the company's stock, valued at $1,047,350. This trade represents a 0.00 % 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, COO Micah R. Conrad sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMF shares. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on OneMain from $64.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company cut their price target on OneMain from $53.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, October 14th. JMP Securities restated a "market outperform" rating and set a $60.00 price target on shares of OneMain in a report on Monday, October 14th. Finally, Barclays cut 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. Six investment 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, OneMain has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

OneMain Stock Performance

OneMain stock traded up $0.43 during mid-day trading on Thursday, hitting $46.50. The company's stock had a trading volume of 759,076 shares, compared to its average volume of 983,590. The company has a 50 day moving average of $46.96 and a 200-day moving average of $48.32. The stock has a market cap of $5.57 billion, a PE ratio of 8.98, a P/E/G ratio of 0.87 and a beta of 1.56. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.94.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same quarter in the prior year, the company earned $1.01 EPS. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date was Monday, August 12th. OneMain's payout ratio is 81.09%.

OneMain 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.