Dimensional Fund Advisors LP Grows Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Dimensional Fund Advisors LP boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,479,762 shares of the financial services provider's stock after acquiring an additional 109,182 shares during the quarter. Dimensional Fund Advisors LP owned about 2.92% of OneMain worth $181,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after purchasing an additional 40,042 shares during the last quarter. FMR LLC increased its position in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Capital International Investors raised its stake in shares of OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after acquiring an additional 211,745 shares during the period. Clearbridge Investments LLC boosted its position in shares of OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after purchasing an additional 1,013,312 shares during the period. Finally, Wellington Management Group LLP increased its holdings 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 valued at $117,280,000 after purchasing an additional 1,796,054 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity

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

OneMain Trading Down 1.0 %

Shares of NYSE OMF traded down $0.50 during mid-day trading on Tuesday, reaching $48.66. The company had a trading volume of 528,117 shares, compared to its average volume of 1,040,835. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The stock has a market cap of $5.80 billion, a P/E ratio of 11.46, a PEG ratio of 0.44 and a beta of 1.35. The firm has a 50 day simple moving average of $47.97 and a two-hundred day simple moving average of $51.76.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.15. OneMain had a return on equity of 18.39% and a net margin of 10.19%. During the same quarter in the previous year, the company earned $1.45 EPS. OneMain's revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.55%. OneMain's dividend payout ratio is currently 98.11%.

Analysts Set New Price Targets

Several research firms have recently commented on OMF. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Evercore ISI began coverage on OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price objective on shares of OneMain in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.17.

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.