GAMMA Investing LLC Buys 48,877 Shares of OneMain Holdings, Inc. (NYSE:OMF)

GAMMA Investing LLC boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14,167.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,222 shares of the financial services provider's stock after purchasing an additional 48,877 shares during the quarter. GAMMA Investing LLC's holdings in OneMain were worth $2,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of OMF. Vanguard Group Inc. grew its holdings in OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after acquiring an additional 40,042 shares during the period. FMR LLC raised its stake in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors raised its stake in shares of OneMain by 2.1% during the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after purchasing an additional 211,745 shares during the period. Brave Warrior Advisors LLC grew its holdings in OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after buying an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of OneMain by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after buying an additional 109,182 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on OMF shares. Wells Fargo & Company lowered their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Finally, Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Trading Down 2.5%

OMF traded down $1.33 on Friday, hitting $51.83. The company had a trading volume of 656,172 shares, compared to its average volume of 1,047,350. The company's fifty day moving average price is $48.90 and its 200 day moving average price is $51.69. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The firm has a market cap of $6.17 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.03%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer now directly owns 108,007 shares of the company's stock, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer now owns 368,925 shares in the company, valued at $18,446,250. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $3,448,300 over the last three months. 0.40% of the stock is currently owned by insiders.

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.