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

Wellington Management Group LLP grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 453,708 shares of the financial services provider’s stock after buying an additional 48,790 shares during the period. Wellington Management Group LLP’s holdings in OneMain were worth $21,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of OneMain by 16.1% during the third quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider’s stock worth $3,737,000 after purchasing an additional 10,994 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of OneMain by 0.7% during the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 204 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of OneMain by 69.0% during the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new position in shares of OneMain during the third quarter worth about $571,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Up 0.1 %

NYSE:OMF opened at $55.68 on Friday. The firm has a market capitalization of $6.65 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. The stock has a 50 day moving average of $52.25 and a 200-day moving average of $49.51. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97.

OneMain Announces Dividend

The business also recently announced 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. This represents a $4.16 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. JMP Securities boosted their price target on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Stephens assumed coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.08.

Insider Activity

In other news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction that occurred 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 $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,178 shares of company stock valued at $2,107,084. 0.45% of the stock is currently owned by insiders.

About OneMain

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.