Fiduciary Management Inc. WI Sells 161,979 Shares of OneMain Holdings, Inc. $OMF

Fiduciary Management Inc. WI trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,813,028 shares of the financial services provider's stock after selling 161,979 shares during the quarter. OneMain comprises about 2.1% of Fiduciary Management Inc. WI's portfolio, making the stock its 11th biggest holding. Fiduciary Management Inc. WI owned approximately 2.40% of OneMain worth $190,020,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of OneMain by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider's stock valued at $16,370,000 after acquiring an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of OneMain by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider's stock valued at $17,945,000 after acquiring an additional 50,521 shares during the period. American Century Companies Inc. lifted its position in shares of OneMain by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider's stock valued at $60,156,000 after acquiring an additional 35,126 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of OneMain by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider's stock valued at $224,723,000 after acquiring an additional 63,774 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of OneMain during the 3rd quarter valued at $1,107,000. 85.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company's stock.

OneMain Trading Up 0.2%

OneMain stock opened at $55.41 on Friday. The company has a market capitalization of $6.40 billion, a PE ratio of 8.25, a P/E/G ratio of 0.41 and a beta of 1.24. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The stock has a 50-day moving average price of $55.42 and a two-hundred day moving average price of $59.50.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.86 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. As a group, analysts predict that OneMain Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.6%. OneMain's dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of recent analyst reports. TD Cowen reiterated a "buy" rating on shares of OneMain in a research report on Monday, May 4th. Barclays dropped their price objective on OneMain from $62.00 to $61.00 and set an "equal weight" rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on OneMain from $81.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 4th. BTIG Research restated a "neutral" rating on shares of OneMain in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on OneMain from $63.00 to $55.00 and set an "underweight" rating for the company in a research report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $68.30.

OneMain Company Profile

OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

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