Argent Capital Management LLC Raises Position in OneMain Holdings, Inc. (NYSE:OMF)

Argent Capital Management LLC lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 827,710 shares of the financial services provider’s stock after buying an additional 18,534 shares during the quarter. Argent Capital Management LLC owned approximately 0.69% of OneMain worth $43,149,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Burney Co. boosted its stake in shares of OneMain by 11.0% during the 4th quarter. Burney Co. now owns 29,456 shares of the financial services provider’s stock worth $1,536,000 after purchasing an additional 2,927 shares during the period. Peak Financial Advisors LLC boosted its position in OneMain by 3.3% in the 4th quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock valued at $500,000 after buying an additional 310 shares during the period. Park Avenue Securities LLC lifted its position in shares of OneMain by 11.5% in the 4th quarter. Park Avenue Securities LLC now owns 8,784 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 904 shares during the period. Oak Thistle LLC purchased a new stake in shares of OneMain in the 4th quarter worth approximately $725,000. Finally, FNY Investment Advisers LLC bought a new position in shares of OneMain during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 1.9 %

Shares of OMF opened at $54.48 on Thursday. The company has a 50-day simple moving average of $54.45 and a 200-day simple moving average of $50.23. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The company has a market capitalization of $6.50 billion, a PE ratio of 11.92, a P/E/G ratio of 0.44 and a beta of 1.58.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.64%. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the sale, the chief operating officer now directly owns 102,239 shares of the company’s stock, valued at $5,316,428. This trade represents a 2.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s 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 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 disclosure for this sale can be found here. In the last three months, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OMF. JPMorgan Chase & Co. cut their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. JMP Securities increased their price objective 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. Finally, StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.