Short Interest in OneMain Holdings, Inc. (NYSE:OMF) Expands By 22.7%

OneMain Holdings, Inc. (NYSE:OMF) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,900,000 shares, a growth of 22.7% from the October 31st total of 4,810,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 5.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities analysts have commented on OMF shares. Wells Fargo & Company upped their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. 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 research report 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 lowered 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $55.46.

OneMain Trading Down 0.4 %

OneMain stock traded down $0.24 during midday trading on Monday, hitting $57.11. 979,869 shares of the stock were exchanged, compared to its average volume of 1,008,677. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.71 and a beta of 1.54. The stock’s 50-day simple moving average is $50.24 and its 200 day simple moving average is $48.99. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $57.97.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.28%. OneMain’s dividend payout ratio (DPR) is 91.03%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the chief executive officer now owns 417,474 shares of the company’s stock, valued at $20,873,700. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,178 shares of company stock worth $2,107,084 over the last three months. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC purchased a new position in OneMain in the 3rd quarter valued at about $28,000. EdgeRock Capital LLC acquired a new stake in OneMain during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. grew its position in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after buying an additional 304 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

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.