Dimensional Fund Advisors LP Acquires 109,182 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Dimensional Fund Advisors LP lifted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,479,762 shares of the financial services provider's stock after purchasing an additional 109,182 shares during the quarter. Dimensional Fund Advisors LP owned 2.92% of OneMain worth $181,402,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in OneMain by 22.0% in the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock valued at $4,747,000 after acquiring an additional 18,190 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in OneMain in the third quarter valued at about $184,000. B. Riley Wealth Advisors Inc. boosted its stake in OneMain by 12.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider's stock worth $306,000 after acquiring an additional 733 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after buying an additional 87,084 shares during the period. Finally, Range Financial Group LLC acquired a new position in OneMain in the fourth quarter valued at about $1,847,000. 85.82% of the stock is owned by institutional investors.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.17.

OneMain Trading Up 0.9 %

OneMain stock traded up $0.43 during midday trading on Monday, reaching $49.22. The company's stock had a trading volume of 990,225 shares, compared to its average volume of 1,186,021. The stock has a market cap of $5.87 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The business has a 50-day moving average price of $48.12 and a 200-day moving average price of $51.74. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.45%. OneMain's dividend payout ratio is currently 98.11%.

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.