Qsemble Capital Management LP Decreases Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Qsemble Capital Management LP reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,373 shares of the financial services provider's stock after selling 17,606 shares during the quarter. Qsemble Capital Management LP's holdings in OneMain were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in OneMain in the second quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in OneMain in the 2nd quarter valued at $34,000. Blue Trust Inc. lifted its position in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 304 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 437 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMF has been the topic of several analyst reports. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a report on Monday, October 7th. Barclays downgraded shares of OneMain from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, Northland Securities increased their price objective on OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and an average target price of $55.46.

OneMain Stock Performance

Shares of OneMain stock traded down $0.16 during trading hours on Thursday, reaching $56.97. The company's stock had a trading volume of 714,090 shares, compared to its average volume of 1,011,883. The company has a market capitalization of $6.80 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a one year low of $39.25 and a one year high of $57.97. The stock's fifty day simple moving average is $49.94 and its two-hundred day simple moving average is $48.91.

OneMain Dividend Announcement

The business also recently announced 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 of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.30%. OneMain's payout ratio is presently 91.03%.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 5,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $20,873,700. This represents a 1.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,178 shares of company stock worth $2,107,084. Corporate insiders own 0.45% of the company's stock.

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.