12,125 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Hilltop Holdings Inc.

Hilltop Holdings Inc. bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the third quarter, Holdings Channel reports. The fund bought 12,125 shares of the financial services provider’s stock, valued at approximately $571,000.

A number of other hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter valued at about $34,000. Blue Trust Inc. lifted its stake in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 437 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OMF. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Compass Point upped their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stephens began coverage on OneMain in a report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.46.

Insider Activity

In related news, COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,178 shares of company stock valued at $2,107,084. 0.45% of the stock is currently owned by corporate insiders.

OneMain Stock Performance

Shares of OMF stock opened at $57.29 on Friday. The firm has a market cap of $6.84 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.71 and a beta of 1.56. The firm’s 50 day moving average price is $51.10 and its 200-day moving average price is $49.21. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $57.97.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.26%. OneMain’s dividend payout ratio is currently 91.03%.

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.