Trexquant Investment LP Buys Shares of 152,657 OneMain Holdings, Inc. $OMF

Key Points

• Trexquant Investment LP acquired 152,657 shares of OneMain Holdings, Inc. for approximately $7.46 million, representing a 0.13% ownership stake in the company.
• OneMain announced a quarterly dividend of $1.04 per share, with an annualized dividend yield of 6.7%.
• The stock has a recent trading range with a 12-month low of $38.00 and a high of $62.02, and analyst ratings indicate a consensus of Moderate Buy with an average target price of $61.50.

Trexquant Investment LP purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 152,657 shares of the financial services provider's stock, valued at approximately $7,462,000. Trexquant Investment LP owned about 0.13% of OneMain as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in OneMain during the 1st quarter worth approximately $27,000. SVB Wealth LLC acquired a new position in OneMain during the 1st quarter worth approximately $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in OneMain during the 1st quarter worth approximately $42,000. Headlands Technologies LLC acquired a new position in OneMain during the 1st quarter worth approximately $46,000. Finally, GAMMA Investing LLC boosted its position in OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after acquiring an additional 662 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 4,000 shares of OneMain stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total value of $232,080.00. Following the completion of the transaction, the chief operating officer owned 101,007 shares in the company, valued at approximately $5,860,426.14. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $3,715,340 in the last 90 days. 0.40% of the stock is owned by company insiders.

OneMain Stock Up 0.8%

Shares of OMF traded up $0.49 during midday trading on Thursday, reaching $62.52. 374,622 shares of the stock were exchanged, compared to its average volume of 1,080,474. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $62.84. The company has a market cap of $7.43 billion, a P/E ratio of 11.29, a PEG ratio of 0.48 and a beta of 1.30. The stock's 50 day simple moving average is $58.45 and its 200 day simple moving average is $52.82.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. As a group, analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were given a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.7%. OneMain's dividend payout ratio (DPR) is presently 75.09%.

Wall Street Analysts Forecast Growth

OMF has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on OneMain in a report on Monday, August 25th. They issued an "equal weight" rating for the company. JPMorgan Chase & Co. increased their price objective on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Barclays increased their price objective on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average target price of $61.50.

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.