OneMain Holdings Inc (OMF) Stake Lifted by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP raised its position in OneMain Holdings Inc (NYSE:OMF) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,450,176 shares of the financial services provider’s stock after purchasing an additional 423,499 shares during the period. Dimensional Fund Advisors LP’s holdings in OneMain were worth $83,806,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its position in shares of OneMain by 87.9% during the 4th quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock valued at $33,147,000 after acquiring an additional 638,277 shares during the period. Eaton Vance Management lifted its position in shares of OneMain by 15.2% during the 4th quarter. Eaton Vance Management now owns 1,078,375 shares of the financial services provider’s stock valued at $26,194,000 after acquiring an additional 142,342 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of OneMain by 7.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 761,842 shares of the financial services provider’s stock valued at $18,505,000 after acquiring an additional 50,559 shares during the period. Monarch Partners Asset Management LLC lifted its position in shares of OneMain by 12.6% during the 4th quarter. Monarch Partners Asset Management LLC now owns 488,375 shares of the financial services provider’s stock valued at $11,863,000 after acquiring an additional 54,820 shares during the period. Finally, Comerica Bank lifted its position in shares of OneMain by 40.8% during the 4th quarter. Comerica Bank now owns 168,868 shares of the financial services provider’s stock valued at $4,933,000 after acquiring an additional 48,969 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

OMF opened at $31.98 on Monday. OneMain Holdings Inc has a 1-year low of $22.47 and a 1-year high of $37.29. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.56 and a beta of 2.50.

OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.05. OneMain had a net margin of 11.73% and a return on equity of 19.22%. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $735.94 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. Equities analysts forecast that OneMain Holdings Inc will post 5.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.00 annualized dividend and a yield of 3.13%. OneMain’s payout ratio is 19.76%.

A number of research analysts recently issued reports on OMF shares. BTIG Research started coverage on shares of OneMain in a research report on Friday, February 22nd. They set a “buy” rating and a $43.00 target price on the stock. TheStreet upgraded shares of OneMain from a “c+” rating to a “b-” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of OneMain from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. ValuEngine upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, BMO Capital Markets boosted their target price on shares of OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.00.

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OneMain Company Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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