OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP reduced its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 73.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,373 shares of the financial services provider’s stock after selling 17,606 shares during the quarter. Qsemble Capital Management LP’s holdings in OneMain were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of OMF. Principal Financial Group Inc. lifted its holdings in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of OneMain in the 3rd quarter valued at approximately $17,016,000. Dimensional Fund Advisors LP increased its stake in OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares in the last quarter. Argent Capital Management LLC increased its stake in OneMain by 33.6% in the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in OneMain in the 2nd quarter valued at approximately $6,789,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the transaction, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over 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 Analysts Forecast Growth

Several equities analysts recently weighed in on OMF shares. Wells Fargo & Company raised their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JMP Securities raised 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. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Northland Securities raised their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $55.46.

OneMain Stock Down 0.3 %

Shares of NYSE:OMF opened at $56.97 on Thursday. The company has a market cap of $6.80 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a 52 week low of $39.25 and a 52 week high of $57.97. The business has a fifty day simple moving average of $49.76 and a 200-day simple moving average of $48.85.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

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.