11,700 Shares in OneMain Holdings Inc (OMF) Acquired by Laurion Capital Management LP
Laurion Capital Management LP purchased a new stake in shares of OneMain Holdings Inc (NYSE:OMF) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,700 shares of the financial services provider’s stock, valued at approximately $371,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of OneMain by 683.9% in the 1st quarter. JPMorgan Chase & Co. now owns 69,119 shares of the financial services provider’s stock valued at $2,195,000 after acquiring an additional 60,302 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of OneMain by 2.4% in the 1st quarter. Cadence Capital Management LLC now owns 36,716 shares of the financial services provider’s stock valued at $1,166,000 after acquiring an additional 868 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of OneMain in the 1st quarter valued at about $4,767,000. Global Retirement Partners LLC lifted its holdings in shares of OneMain by 33.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 355 shares during the last quarter. Finally, Raymond James & Associates bought a new position in shares of OneMain in the 1st quarter valued at about $204,000. 83.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE OMF opened at $31.50 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.56 and a beta of 2.50. OneMain Holdings Inc has a 1 year low of $22.47 and a 1 year high of $37.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 28th. OneMain’s payout ratio is currently 19.76%.
A number of research analysts recently commented on OMF shares. TheStreet raised shares of OneMain from a “c+” rating to a “b-” rating in a report on Tuesday, February 19th. BTIG Research started coverage on shares of OneMain in a report on Friday, February 22nd. They issued a “buy” rating and a $43.00 price target for the company. Zacks Investment Research raised shares of OneMain from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Saturday, February 16th. Northland Securities reaffirmed a “hold” rating and issued a $38.00 price target on shares of OneMain in a report on Tuesday, April 30th. Finally, ValuEngine raised shares of OneMain from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.00.
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OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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