OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,650 shares of the financial services provider’s stock after acquiring an additional 1,016 shares during the quarter. Assetmark Inc.’s holdings in OneMain were worth $407,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors boosted its holdings in OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of OneMain by 7,566.2% during the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after buying an additional 708,804 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after buying an additional 373,900 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in OneMain in the third quarter valued at $17,016,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

OMF stock opened at $55.49 on Friday. The stock’s fifty day moving average is $48.27 and its two-hundred day moving average is $48.64. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a 1 year low of $37.78 and a 1 year high of $56.28.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date is Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Analyst Ratings Changes

Several brokerages have weighed in on OMF. Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.46.

Insiders Place Their Bets

In related news, 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 value of $110,400.00. Following the completion of the transaction, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction 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. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,292 shares of company stock worth $2,307,784. 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.