Assetmark Inc. Has $178,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Assetmark Inc. raised its position in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 16.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,618 shares of the financial services provider’s stock after purchasing an additional 500 shares during the quarter. Assetmark Inc.’s holdings in OneMain were worth $178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in OneMain by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock valued at $143,727,000 after purchasing an additional 78,106 shares during the period. Brandes Investment Partners LP grew its position in shares of OneMain by 3.6% during the 3rd quarter. Brandes Investment Partners LP now owns 1,738,491 shares of the financial services provider’s stock worth $69,696,000 after buying an additional 61,106 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of OneMain by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,348,842 shares of the financial services provider’s stock worth $66,363,000 after buying an additional 17,330 shares during the period. Norges Bank acquired a new stake in shares of OneMain during the 4th quarter worth approximately $62,732,000. Finally, Northern Trust Corp grew its position in shares of OneMain by 1.4% during the 3rd quarter. Northern Trust Corp now owns 1,172,019 shares of the financial services provider’s stock worth $46,986,000 after buying an additional 16,646 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 7,500 shares of OneMain stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the sale, the chief operating officer now directly owns 119,525 shares in the company, valued at approximately $6,051,550.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of OneMain stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the sale, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OMF shares. BMO Capital Markets raised their price objective on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Barclays reduced their price objective on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Citigroup reduced their price objective on shares of OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.62.

Check Out Our Latest Analysis on OneMain

OneMain Trading Down 0.9 %

Shares of NYSE:OMF opened at $47.63 on Thursday. The stock’s fifty day simple moving average is $49.70 and its two-hundred day simple moving average is $47.37. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $53.65. The stock has a market cap of $5.71 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. During the same period last year, the business earned $1.46 EPS. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.57 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a dividend of $1.04 per share. The ex-dividend date was Thursday, May 9th. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a yield of 8.73%. OneMain’s dividend payout ratio (DPR) is 81.09%.

OneMain Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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