OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,708 shares of the financial services provider’s stock after buying an additional 48,790 shares during the quarter. Wellington Management Group LLP owned about 0.38% of OneMain worth $21,356,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in shares of OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after buying an additional 24,338 shares during the period. Frank Rimerman Advisors LLC purchased a new position in OneMain in the 2nd quarter valued at approximately $608,000. Argent Capital Management LLC increased its stake in OneMain by 33.6% in 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 purchasing an additional 169,339 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in OneMain by 19.5% in the 2nd quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider’s stock valued at $32,900,000 after purchasing an additional 110,862 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction on 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 approximately $5,236,950. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,178 shares of company stock valued at $2,107,084 over the last quarter. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the subject of several research analyst reports. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JMP Securities raised their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.08.

OneMain Stock Up 0.1 %

Shares of NYSE:OMF opened at $55.68 on Friday. The company has a market cap of $6.65 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The business has a fifty day simple moving average of $52.25 and a 200-day simple moving average of $49.51.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

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.