OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4,607.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 32,714 shares of the financial services provider's stock after acquiring an additional 32,019 shares during the quarter. International Assets Investment Management LLC's holdings in OneMain were worth $1,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OMF. Capital International Investors increased its position in shares of 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 purchasing an additional 889,387 shares in the last quarter. Clearbridge Investments LLC increased its position in OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock worth $96,561,000 after buying an additional 743,034 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock valued at $34,824,000 after acquiring an additional 708,804 shares during the period. Vanguard Group Inc. grew its position in shares of OneMain by 3.1% during the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider's stock worth $629,314,000 after acquiring an additional 373,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $159,465,000 after acquiring an additional 270,207 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 15,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares in the company, 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 filing 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 stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction on 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 owns 117,025 shares in the company, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,792 shares of company stock valued at $2,032,859 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OMF shares. Northland Securities increased their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. Finally, JMP Securities boosted their target price on OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.08.

OneMain Trading Up 0.7 %

Shares of OMF traded up $0.35 during trading hours on Monday, reaching $50.13. The company had a trading volume of 889,959 shares, compared to its average volume of 1,002,188. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54. OneMain Holdings, Inc. has a 12-month low of $36.52 and a 12-month high of $54.94. The firm has a 50 day simple moving average of $47.15 and a 200-day simple moving average of $48.36.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.30%. OneMain's payout ratio is 91.03%.

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.