Fmr LLC Boosts Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

FMR LLC lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,835,668 shares of the financial services provider's stock after acquiring an additional 1,352,604 shares during the quarter. FMR LLC owned 9.08% of OneMain worth $564,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OMF. Wellington Management Group LLP boosted its position in OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after purchasing an additional 1,796,054 shares in the last quarter. Norges Bank acquired a new stake in OneMain in the fourth quarter valued at approximately $72,936,000. Clearbridge Investments LLC increased its position in shares of OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock valued at $150,445,000 after buying an additional 1,013,312 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of OneMain during the 4th quarter worth approximately $46,195,000. Finally, American Century Companies Inc. lifted its position in shares of OneMain by 29.2% during 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 buying an additional 216,157 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Performance

Shares of OneMain stock traded up $0.71 on Monday, reaching $43.86. The company had a trading volume of 121,673 shares, compared to its average volume of 1,024,155. The firm has a market cap of $5.24 billion, a PE ratio of 10.34, a PEG ratio of 0.44 and a beta of 1.35. The firm's 50 day moving average price is $50.30 and its two-hundred day moving average price is $51.78. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90.

Remove Ads

OneMain Announces Dividend

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 dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.48%. OneMain's dividend payout ratio is currently 98.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OMF shares. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price on the stock. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Finally, Wells Fargo & Company boosted their price target 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.17.

Insider Activity

In related 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 transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.45% of the company's stock.

OneMain Company 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.