Fiduciary Management Inc. WI Has $129.43 Million Holdings in OneMain Holdings, Inc. $OMF

Key Points

• Fiduciary Management Inc. WI increased its holding in OneMain Holdings, Inc. by 21.8%, owning approximately 2.23% of the company, valued at $129.43 million as of the latest SEC filing.
• Analysts have given OneMain stock a consensus rating of "Moderate Buy" with a target price averaging $61.50, with several firms raising their target price over recent weeks.
• OneMain recently announced a $1.04 quarterly dividend, resulting in an annualized dividend yield of 7.3%, with a payout ratio of 75.09%.

Fiduciary Management Inc. WI lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 21.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,647,875 shares of the financial services provider's stock after purchasing an additional 474,161 shares during the quarter. Fiduciary Management Inc. WI owned approximately 2.23% of OneMain worth $129,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of OneMain during the 1st quarter worth approximately $27,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of OneMain during the 1st quarter worth approximately $42,000. Headlands Technologies LLC bought a new position in shares of OneMain during the 1st quarter worth approximately $46,000. GAMMA Investing LLC lifted its position in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after buying an additional 662 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of OneMain during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Wall Street Analyst Weigh In

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

OneMain Stock Performance

Shares of OMF opened at $57.3430 on Friday. The stock has a fifty day moving average price of $57.09 and a two-hundred day moving average price of $52.50. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $60.33. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.45 and a beta of 1.29.

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

OneMain Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, August 4th. OneMain's dividend payout ratio (DPR) is presently 75.09%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer owned 108,007 shares in the company, valued at $5,639,045.47. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $3,976,390 over the last quarter. Corporate insiders own 0.40% of the company's stock.

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.

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