Dimensional Fund Advisors LP Has $182.61 Million Stake in OneMain Holdings, Inc. $OMF

Key Points

• Dimensional Fund Advisors LP increased its stake in OneMain Holdings, Inc. by 7.4%, owning 3,736,070 shares valued at approximately $182.61 million.
• Barclays and JPMorgan Chase & Co. raised their target prices for OneMain shares to $56.00 and $63.00 respectively, reflecting positive analyst sentiment.
• OneMain recently announced a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 7.1%.

Dimensional Fund Advisors LP grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,736,070 shares of the financial services provider's stock after acquiring an additional 256,308 shares during the period. Dimensional Fund Advisors LP owned about 3.14% of OneMain worth $182,610,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new position in OneMain during the 1st quarter valued at approximately $48,282,000. Azora Capital LP bought a new stake in OneMain in the 4th quarter valued at about $39,650,000. Certuity LLC grew its position in OneMain by 86.0% in the 1st quarter. Certuity LLC now owns 930,012 shares of the financial services provider's stock worth $45,459,000 after purchasing an additional 430,011 shares during the last quarter. Point72 Asset Management L.P. bought a new position in OneMain in the 4th quarter worth about $15,566,000. Finally, Royal Bank of Canada increased its stake in shares of OneMain by 47.5% in the fourth quarter. Royal Bank of Canada now owns 901,176 shares of the financial services provider's stock valued at $46,979,000 after purchasing an additional 290,323 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Performance

Shares of OMF stock traded up $2.7790 during trading on Friday, hitting $60.1190. 1,040,382 shares of the company were exchanged, compared to its average volume of 952,800. The business's 50-day simple moving average is $57.25 and its 200 day simple moving average is $52.53. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $60.41. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.45 and a beta of 1.29.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. On average, equities analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's dividend payout ratio is presently 75.09%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 3,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total transaction of $180,000.00. Following the transaction, the chief operating officer owned 98,007 shares in the company, valued at $5,880,420. This represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock valued at $3,976,390 over the last ninety days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

OMF has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

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.