Assenagon Asset Management S.A. Trims Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Assenagon Asset Management S.A. lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 63.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 133,445 shares of the financial services provider's stock after selling 228,061 shares during the period. Assenagon Asset Management S.A. owned approximately 0.11% of OneMain worth $6,956,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OMF. Clearbridge Investments LLC increased its position in shares of OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock valued at $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in OneMain in the second quarter worth $608,000. TCW Group Inc. raised its stake in OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock valued at $2,636,000 after acquiring an additional 10,744 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 271 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of OneMain by 19.5% during the 2nd quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider's stock valued at $32,900,000 after buying an additional 110,862 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

OMF traded down $0.01 on Monday, hitting $54.73. 689,794 shares of the company were exchanged, compared to its average volume of 614,128. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $57.97. The firm has a fifty day simple moving average of $54.46 and a two-hundred day simple moving average of $50.32. The stock has a market capitalization of $6.53 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.60%. OneMain's payout ratio is currently 91.03%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares of the company's stock, valued at $21,861,122. This represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock valued at $1,582,384 in the last quarter. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OMF shares. Barclays downgraded 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 research report on Tuesday, October 8th. Stephens initiated coverage on OneMain in a report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 target price for the company. 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 report on Thursday, October 31st. Wells Fargo & Company boosted their price objective 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, JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.31.

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.