ClearAlpha Technologies LP Increases Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

ClearAlpha Technologies LP raised its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 30.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,432 shares of the financial services provider’s stock after acquiring an additional 4,586 shares during the quarter. ClearAlpha Technologies LP’s holdings in OneMain were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. EdgeRock Capital LLC acquired a new position in shares of OneMain during the second quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in OneMain during the 2nd quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after buying an additional 264 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the 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 owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 20,947 shares in the company, valued at approximately $1,047,350. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,178 shares of company stock valued at $2,107,084. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OMF shares. Wells Fargo & Company raised their target price 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 reissued an “outperform” rating and set a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. JMP Securities upped 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. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain Trading Up 0.7 %

Shares of OMF stock opened at $57.35 on Monday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97. The business’s 50 day moving average is $50.24 and its two-hundred day moving average is $48.99. The company has a market capitalization of $6.84 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.71 and a beta of 1.54.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.25%. OneMain’s dividend payout ratio (DPR) is 91.03%.

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.