Quantbot Technologies LP Purchases Shares of 54,490 OneMain Holdings, Inc. (NYSE:OMF)

Quantbot Technologies LP acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,490 shares of the financial services provider’s stock, valued at approximately $2,565,000.

Other large investors have also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the second quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC increased 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 valued at $49,000 after buying an additional 304 shares during the period. Finally, UMB Bank n.a. raised its stake in OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after buying an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 25,747 shares in the company, valued at $1,184,362. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,178 shares of company stock worth $2,107,084. Company insiders own 0.45% of the company’s stock.

OneMain Trading Down 0.3 %

OneMain stock opened at $56.97 on Thursday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a 12 month low of $39.25 and a 12 month high of $57.97. The stock has a fifty day simple moving average of $49.76 and a two-hundred day simple moving average of $48.85.

OneMain Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on OMF. Wells Fargo & Company lifted their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Stephens started coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. Northland Securities increased their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JMP Securities boosted their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $55.46.

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.