Caxton Associates LP Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Caxton Associates LP boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 255.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,825 shares of the financial services provider's stock after purchasing an additional 14,971 shares during the quarter. Caxton Associates LP's holdings in OneMain were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in OneMain during the fourth quarter worth $26,000. Albion Financial Group UT bought a new stake in OneMain in the fourth quarter worth about $26,000. Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the fourth quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the period. Finally, Richardson Financial Services Inc. bought a new stake in shares of OneMain during the 4th quarter worth approximately $44,000. Institutional investors own 85.82% of the company's stock.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 368,925 shares of the company's stock, valued at $18,446,250. The trade was a 9.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,808 shares of company stock valued at $3,344,751. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Evercore ISI initiated 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. Finally, Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Price Performance

OMF stock traded down $1.06 during trading on Friday, hitting $48.96. The stock had a trading volume of 1,042,306 shares, compared to its average volume of 1,038,726. The stock has a market capitalization of $5.82 billion, a P/E ratio of 11.55, a PEG ratio of 0.44 and a beta of 1.28. The company's 50-day moving average price is $47.18 and its two-hundred day moving average price is $51.83. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million for 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.50%. OneMain's dividend payout ratio (DPR) is presently 87.95%.

OneMain Company 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.