Wellington Management Group LLP Purchases 48,790 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Wellington Management Group LLP boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 453,708 shares of the financial services provider's stock after purchasing an additional 48,790 shares during the quarter. Wellington Management Group LLP owned about 0.38% of OneMain worth $21,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in OneMain in the 2nd quarter worth $377,000. Wealth Enhancement Advisory Services LLC increased its stake in OneMain by 7.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider's stock valued at $232,000 after acquiring an additional 337 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in OneMain in the 2nd quarter valued at approximately $203,000. Blue Trust Inc. lifted its position in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after acquiring an additional 225 shares during the period. Finally, TCW Group Inc. grew its holdings in shares of OneMain by 81.6% during the 2nd quarter. TCW Group Inc. now owns 45,255 shares of the financial services provider's stock worth $2,194,000 after purchasing an additional 20,336 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded up $0.06 during trading hours on Friday, hitting $55.68. 1,042,863 shares of the company's stock were exchanged, compared to its average volume of 1,002,656. The stock's 50-day moving average is $52.25 and its 200-day moving average is $49.51. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.47%. OneMain's dividend payout ratio (DPR) is currently 91.03%.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief executive officer now owns 417,474 shares in the company, valued at $20,873,700. The trade was a 1.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now owns 102,239 shares in the company, valued at $5,316,428. This represents a 2.39 % 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 over the last quarter. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on OMF shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Barclays downgraded OneMain from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, Stephens initiated coverage on OneMain in a report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and a consensus price target of $56.08.

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.