OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 180.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,900 shares of the financial services provider's stock after buying an additional 36,000 shares during the quarter. Two Sigma Advisers LP's holdings in OneMain were worth $2,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMF. Ieq Capital LLC acquired a new stake in shares of OneMain during the 4th quarter worth approximately $896,000. Orion Portfolio Solutions LLC raised its position in shares of OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after purchasing an additional 7,060 shares during the period. PNC Financial Services Group Inc. raised its position in shares of OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after purchasing an additional 569 shares during the period. IFP Advisors Inc raised its position in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the period. Finally, Vista Finance LLC acquired a new stake in shares of OneMain during the 4th quarter worth approximately $331,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 in the company, valued at approximately $5,639,045.47. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 40,000 shares of the 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 sale, the chief executive officer now owns 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,000 shares of company stock valued at $3,448,300. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. Stephens reiterated an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada increased their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

OneMain Stock Down 1.1%

NYSE OMF traded down $0.59 on Friday, reaching $51.88. 938,807 shares of the stock traded hands, compared to its average volume of 1,051,997. The firm's fifty day simple moving average is $47.95 and its 200 day simple moving average is $51.86. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90.

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

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's payout ratio is currently 87.95%.

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.