Assenagon Asset Management S.A. Makes New $17.02 Million Investment in OneMain Holdings, Inc. (NYSE:OMF)

Assenagon Asset Management S.A. purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 361,506 shares of the financial services provider's stock, valued at approximately $17,016,000. Assenagon Asset Management S.A. owned approximately 0.30% of OneMain at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors raised its holdings in OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider's stock worth $488,937,000 after acquiring an additional 889,387 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock worth $96,561,000 after purchasing an additional 743,034 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of OneMain by 7,566.2% in 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 buying an additional 708,804 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider's stock valued at $629,314,000 after buying an additional 373,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock worth $159,465,000 after buying an additional 270,207 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company's stock, valued at $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company's stock, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now owns 417,474 shares of the company's stock, valued at $20,873,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock valued at $1,534,275 in the last three months. Corporate insiders own 0.45% of the company's stock.

OneMain Stock Down 0.1 %

Shares of OneMain stock traded down $0.03 during trading on Friday, reaching $46.47. The company's stock had a trading volume of 742,628 shares, compared to its average volume of 982,426. The business's 50-day moving average price is $46.97 and its 200-day moving average price is $48.28. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The firm has a market cap of $5.57 billion, a PE ratio of 9.54, a P/E/G ratio of 0.89 and a beta of 1.56.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same quarter in the previous year, the firm posted $1.01 EPS. Equities analysts predict that OneMain Holdings, Inc. will post 4.91 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.95%. OneMain's dividend payout ratio (DPR) is presently 85.42%.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of OneMain from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, July 9th. StockNews.com cut OneMain from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank of Canada restated an "outperform" rating and issued a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. Northland Securities lifted their target price on OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped their price target on OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, OneMain currently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

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.