OneMain Holdings, Inc. (NYSE:OMF) Holdings Lifted by Quest Partners LLC

Quest Partners LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 430.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,622 shares of the financial services provider’s stock after buying an additional 31,341 shares during the period. Quest Partners LLC’s holdings in OneMain were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of OneMain by 1.8% in the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 245 shares in the last quarter. Vanguard Group Inc. lifted its position in OneMain by 3.1% in the 1st 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 in the last quarter. Edgestream Partners L.P. boosted its stake in shares of OneMain by 31.2% during the 1st quarter. Edgestream Partners L.P. now owns 40,399 shares of the financial services provider’s stock valued at $2,064,000 after buying an additional 9,597 shares during the period. Clearbridge Investments LLC grew its holdings 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 acquiring an additional 743,034 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of OneMain by 5.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 123,411 shares of the financial services provider’s stock worth $6,309,000 after acquiring an additional 6,754 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at $5,316,428. This represents a 2.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,292 shares of company stock valued at $2,307,784 in the last 90 days. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OMF shares. 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. Wells Fargo & Company lifted their price target 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. dropped their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Compass Point lifted their target price 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. Finally, Northland Securities boosted their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain Price Performance

OneMain stock opened at $55.05 on Tuesday. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 0.68 and a beta of 1.54. The firm has a fifty day moving average price of $48.27 and a two-hundred day moving average price of $48.62. OneMain Holdings, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $56.28.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid 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 7.56%. OneMain’s payout ratio is 91.03%.

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.