Janus Henderson Group PLC grew its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 69.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 772,864 shares of the financial services provider's stock after acquiring an additional 315,640 shares during the quarter. Janus Henderson Group PLC owned about 0.65% of OneMain worth $36,377,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in OneMain during the 2nd quarter worth $31,000. International Assets Investment Management LLC purchased a new position in shares of OneMain in the second quarter worth about $34,000. Blue Trust Inc. boosted its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 264 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 437 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly 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, COO Micah R. Conrad sold 886 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. This represents a 0.84 % 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. 0.45% of the stock is currently owned by company insiders.
NYSE:OMF opened at $57.39 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The company has a 50 day moving average price of $51.32 and a 200 day moving average price of $49.26. The stock has a market capitalization of $6.85 billion, a P/E ratio of 12.56, a PEG ratio of 0.71 and a beta of 1.56.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $1.04 dividend. 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 7.25%. OneMain's payout ratio is presently 91.03%.
OMF has been the subject of a number of analyst reports. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target for the company. Wells Fargo & Company upped their target price on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Compass Point lifted their price target on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.46.
Check Out Our Latest Stock Analysis on OMF
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider OneMain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneMain wasn't on the list.
While OneMain currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.