GSA Capital Partners LLP Acquires New Position in OneMain Holdings, Inc. (NYSE:OMF)

GSA Capital Partners LLP bought a new position 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 fund bought 5,050 shares of the financial services provider’s stock, valued at approximately $238,000.

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

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Micah R. Conrad sold 886 shares of the firm’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 $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at $5,236,950. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,792 shares of company stock worth $2,187,784 over the last 90 days. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Compass Point boosted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities lifted their price target on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $55.46.

OneMain Trading Up 1.9 %

Shares of NYSE OMF opened at $56.60 on Friday. The firm has a 50-day moving average of $49.39 and a two-hundred day moving average of $48.80. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.68 and a beta of 1.54. OneMain Holdings, Inc. has a twelve month low of $37.93 and a twelve month high of $56.85.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.35%. 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.