OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 827,710 shares of the financial services provider’s stock after buying an additional 18,534 shares during the period. Argent Capital Management LLC’s holdings in OneMain were worth $43,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMF. Legend Financial Advisors Inc. acquired a new position in OneMain during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain during the third quarter valued at approximately $28,000. Abich Financial Wealth Management LLC raised its stake in shares of OneMain by 27.4% during 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 purchasing an additional 264 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of OneMain by 64.1% in the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after buying an additional 476 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Up 1.9 %

Shares of OneMain stock opened at $54.48 on Thursday. The stock has a market capitalization of $6.50 billion, a P/E ratio of 11.92, a PEG ratio of 0.44 and a beta of 1.58. The stock has a 50 day moving average price of $54.45 and a two-hundred day moving average price of $50.23. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.64%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OMF shares. Wells Fargo & Company lifted their price objective on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. JMP Securities lifted their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Finally, Compass Point lifted 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the transaction, the chief operating officer now owns 102,239 shares in the company, valued at approximately $5,316,428. This trade represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is owned by corporate insiders.

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.