Arrowstreet Capital Limited Partnership Has $94.27 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Arrowstreet Capital Limited Partnership lessened its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 17.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,808,347 shares of the financial services provider's stock after selling 369,452 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.52% of OneMain worth $94,269,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of OneMain in the fourth quarter valued at $72,936,000. William Blair Investment Management LLC acquired a new stake in shares of OneMain during the fourth quarter worth $46,195,000. Janus Henderson Group PLC lifted its holdings in shares of OneMain by 69.0% during the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock valued at $36,377,000 after purchasing an additional 315,640 shares during the last quarter. American Century Companies Inc. boosted its position in shares of OneMain by 29.2% in the 4th quarter. American Century Companies Inc. now owns 957,589 shares of the financial services provider's stock valued at $49,919,000 after purchasing an additional 216,157 shares during the period. Finally, Basswood Capital Management L.L.C. increased its stake in OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider's stock worth $48,502,000 after purchasing an additional 113,018 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on OMF shares. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Barclays set a $56.00 target price on shares of OneMain in a research note on Friday, March 14th. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Stephens reissued an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, OneMain presently has an average rating of "Moderate Buy" and an average price target of $59.17.

OneMain Trading Down 8.4 %

NYSE OMF traded down $3.75 during trading on Friday, hitting $40.99. 2,467,562 shares of the company traded hands, compared to its average volume of 1,005,547. OneMain Holdings, Inc. has a 12 month low of $39.55 and a 12 month high of $58.90. The business has a fifty day simple moving average of $52.22 and a 200 day simple moving average of $52.02. The company has a market capitalization of $4.89 billion, a P/E ratio of 9.67, a PEG ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

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.