Basswood Capital Management L.L.C. Has $48.50 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Basswood Capital Management L.L.C. boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,030,423 shares of the financial services provider’s stock after purchasing an additional 113,018 shares during the period. OneMain comprises 2.5% of Basswood Capital Management L.L.C.’s holdings, making the stock its 9th biggest holding. Basswood Capital Management L.L.C. owned approximately 0.86% of OneMain worth $48,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of OneMain by 11.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,421 shares of the financial services provider’s stock worth $277,000 after buying an additional 543 shares during the period. Swedbank AB purchased a new stake in OneMain in the first quarter worth $817,000. Cetera Advisors LLC bought a new stake in shares of OneMain during the first quarter worth $493,000. DekaBank Deutsche Girozentrale boosted its stake in shares of OneMain by 7.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 431 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of OneMain by 8.2% in the second quarter. QRG Capital Management Inc. now owns 60,057 shares of the financial services provider’s stock worth $2,912,000 after purchasing an additional 4,534 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price target on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.46.

OneMain Stock Up 0.7 %

NYSE OMF opened at $57.35 on Monday. The firm has a market cap of $6.84 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The company has a 50 day moving average price of $50.24 and a 200 day moving average price of $48.99.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.25%. OneMain’s dividend payout ratio is presently 91.03%.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 886 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares in the company, valued at approximately $5,236,950. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,178 shares of company stock worth $2,107,084. Insiders own 0.45% of the company’s stock.

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.