OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,139,793 shares of the financial services provider's stock after buying an additional 13,978 shares during the quarter. Geode Capital Management LLC owned about 1.79% of OneMain worth $100,935,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of OMF. Barclays PLC grew its position in OneMain by 22.0% in the third 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. Continuum Advisory LLC purchased a new position in shares of OneMain in the third quarter valued at $28,000. Y Intercept Hong Kong Ltd grew its holdings in OneMain by 9.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,184 shares of the financial services provider's stock valued at $1,468,000 after purchasing an additional 2,776 shares in the last quarter. MML Investors Services LLC increased its stake in OneMain by 8.7% during the 3rd quarter. MML Investors Services LLC now owns 18,323 shares of the financial services provider's stock worth $862,000 after buying an additional 1,474 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in OneMain by 65.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider's stock worth $500,000 after buying an additional 4,188 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OMF shares. StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Stephens began coverage on OneMain in a report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $56.08.

OneMain Price Performance

Shares of NYSE:OMF traded down $0.24 during trading on Thursday, reaching $51.18. 821,325 shares of the company's stock traded hands, compared to its average volume of 999,103. The company has a 50 day moving average of $52.70 and a 200-day moving average of $49.63. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $57.97. The stock has a market capitalization of $6.11 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is 91.03%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares in the company, valued at approximately $985,660. This represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,492 shares of company stock worth $1,582,384 in the last 90 days. 0.45% of the stock is currently owned by company 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.