Argent Capital Management LLC Purchases 136,224 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Argent Capital Management LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,176 shares of the financial services provider’s stock after acquiring an additional 136,224 shares during the period. Argent Capital Management LLC’s holdings in OneMain were worth $38,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after purchasing an additional 373,900 shares during the period. Capital International Investors lifted its holdings in OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares during the period. Dimensional Fund Advisors LP boosted its position 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 valued at $159,465,000 after acquiring an additional 270,207 shares in the last quarter. Clearbridge Investments LLC boosted its position in OneMain by 1.3% during 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 acquiring an additional 24,338 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after acquiring an additional 12,938 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the sale, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at $1,047,350. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at approximately $5,236,950. This trade represents a 0.00 % 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 this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the sale, the senior vice president now owns 20,947 shares in the company, valued at approximately $1,047,350. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OMF shares. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Finally, Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.00.

OneMain Price Performance

Shares of OMF remained flat at $46.07 during trading hours on Thursday. 177,097 shares of the stock were exchanged, compared to its average volume of 980,661. The stock has a 50-day simple moving average of $46.96 and a two-hundred day simple moving average of $48.32. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $54.94. The company has a market capitalization of $5.52 billion, a PE ratio of 8.98, a P/E/G ratio of 0.87 and a beta of 1.56.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same quarter in the previous year, the business earned $1.01 EPS. On average, analysts anticipate that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 9.03%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

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.