Assenagon Asset Management S.A. Buys Shares of 361,506 OneMain Holdings, Inc. (NYSE:OMF)

Assenagon Asset Management S.A. purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, Holdings Channel.com reports. The fund purchased 361,506 shares of the financial services provider’s stock, valued at approximately $17,016,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clearbridge Investments LLC increased its stake in OneMain by 64.8% during the 1st 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. Frank Rimerman Advisors LLC purchased a new position in OneMain in the second quarter valued at $608,000. Swedbank AB acquired a new position in OneMain during the 1st quarter worth $817,000. Argent Capital Management LLC increased its holdings in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after purchasing an additional 169,339 shares during the period. Finally, Janus Henderson Group PLC raised its position in OneMain by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 437,365 shares of the financial services provider’s stock valued at $22,343,000 after purchasing an additional 17,214 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 0.1 %

OMF opened at $46.47 on Friday. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The business’s 50 day moving average is $46.97 and its two-hundred day moving average is $48.28. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same period in the previous year, the company posted $1.01 EPS. Equities analysts expect that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.95%. OneMain’s payout ratio is 85.42%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price objective on shares of OneMain in a research report on Monday, October 14th. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Northland Securities increased their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the transaction, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Micah R. Conrad sold 2,500 shares of OneMain 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 transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,300 shares of company stock worth $1,534,275. Company insiders own 0.45% of the company’s stock.

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.