OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in OneMain Holdings, Inc. (NYSE:OMF) by 63.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,445 shares of the financial services provider’s stock after selling 228,061 shares during the period. Assenagon Asset Management S.A. owned approximately 0.11% of OneMain worth $6,956,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its position in shares of OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 204 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after buying an additional 264 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of OneMain by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after buying an additional 271 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in OneMain by 4.8% during the third quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 304 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on OMF shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of OneMain in a research report on Thursday. 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 research report on Thursday, October 31st. JMP Securities lifted 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. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $56.31.

OneMain Stock Down 0.0 %

Shares of OneMain stock opened at $54.73 on Monday. The business has a 50-day moving average price of $54.46 and a 200 day moving average price of $50.32. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The firm has a market cap of $6.53 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.44 and a beta of 1.58.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.60%. OneMain’s payout ratio is currently 91.03%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 in the last quarter. Insiders own 0.45% of the company’s stock.

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.