Atom Investors LP Purchases New Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Atom Investors LP acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 18,177 shares of the financial services provider’s stock, valued at approximately $856,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in OneMain during the 2nd quarter worth $34,000. Blue Trust Inc. lifted its stake 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. Abich Financial Wealth Management LLC boosted its holdings in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 437 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 40,178 shares of company stock worth $2,107,084. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OMF. JMP Securities lifted their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.46.

OneMain Trading Up 0.3 %

Shares of OMF opened at $57.28 on Wednesday. The company has a 50-day moving average of $50.64 and a two-hundred day moving average of $49.09. The stock has a market cap of $6.84 billion, a P/E ratio of 12.53, a PEG ratio of 0.70 and a beta of 1.56. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is currently 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.