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

Quantbot Technologies LP purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 54,490 shares of the financial services provider’s stock, valued at approximately $2,565,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings in OneMain by 4.1% during the first quarter. Janus Henderson Group PLC now owns 437,365 shares of the financial services provider’s stock valued at $22,343,000 after purchasing an additional 17,214 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in OneMain by 11.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,421 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 543 shares in the last quarter. Swedbank AB bought a new stake in OneMain during the 1st quarter worth approximately $817,000. Burney Co. boosted its position in shares of OneMain by 35.6% in the first quarter. Burney Co. now owns 26,812 shares of the financial services provider’s stock worth $1,370,000 after purchasing an additional 7,033 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of OneMain in the first quarter worth $493,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following 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 ownership of the stock. The transaction 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 stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the sale, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,178 shares of company stock worth $2,107,084. 0.45% of the stock is currently owned by corporate insiders.

OneMain Trading Down 0.3 %

OMF opened at $56.97 on Thursday. The business’s fifty day simple moving average is $49.76 and its 200-day simple moving average is $48.85. The company has a market capitalization 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.

OneMain Announces Dividend

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 dividend of $1.04 per share. 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%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stephens began coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective for the company. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the company 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’s stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $55.46.

About OneMain

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.