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

Several other institutional investors and hedge funds also recently made changes to their positions in OMF. Alpine Bank Wealth Management purchased a new stake in OneMain in the 1st quarter valued at about $27,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of OneMain during the 1st quarter worth $42,000. Headlands Technologies LLC purchased a new stake in OneMain in the 1st quarter worth about $46,000. GAMMA Investing LLC boosted its holdings in OneMain by 191.9% in 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 purchased a new stake in shares of OneMain during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity

In other news, CEO Douglas H. Shulman sold 35,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 275,100 shares of the company's stock, valued at $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 4,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the sale, the chief operating officer owned 101,007 shares of the company's stock, valued at $5,860,426.14. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $3,715,340 over the last 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMF. Wells Fargo & Company started coverage on shares of OneMain in a report on Monday. They set an "equal weight" rating on the stock. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday, April 30th. Barclays lifted their price objective on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, 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 note on Friday, July 11th. One equities research 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 stock. According to MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

OneMain Stock Up 0.9%

Shares of OneMain stock traded up $0.58 during trading hours on Wednesday, reaching $61.73. 411,050 shares of the stock traded hands, compared to its average volume of 1,088,916. The company has a 50 day moving average price of $57.57 and a 200 day moving average price of $52.56. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.47 and a beta of 1.29. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $61.81.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the firm earned $1.02 EPS. OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.7%. OneMain's payout ratio is 75.09%.

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.