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

GAMMA Investing LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14,167.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after acquiring an additional 1,796,054 shares during the period. Norges Bank bought a new position in OneMain during the fourth quarter worth about $72,936,000. FMR LLC increased its position in OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the period. Clearbridge Investments LLC increased its position in OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the period. Finally, William Blair Investment Management LLC bought a new position in OneMain during the fourth quarter worth about $46,195,000. 85.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

OMF has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Evercore ISI assumed coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. Finally, Barclays set a $56.00 price objective on shares of OneMain in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.40.

OneMain Trading Up 1.8%

NYSE:OMF traded up $0.95 during mid-day trading on Monday, hitting $52.82. 752,647 shares of the company's stock were exchanged, compared to its average volume of 1,050,781. The company has a 50 day simple moving average of $49.40 and a 200-day simple moving average of $51.55. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The firm has a market capitalization of $6.28 billion, a P/E ratio of 12.46, a PEG ratio of 0.44 and a beta of 1.31.

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

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 7.88%. OneMain's dividend payout ratio is currently 87.95%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the completion of the sale, the chief operating officer now owns 108,007 shares of the company's stock, valued at $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $3,448,300 in the last quarter. 0.40% of the stock is owned by corporate insiders.

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.