Two Sigma Advisers LP Acquires 36,000 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Two Sigma Advisers LP lifted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 180.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,900 shares of the financial services provider's stock after acquiring an additional 36,000 shares during the period. Two Sigma Advisers LP's holdings in OneMain were worth $2,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of OneMain by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock valued at $619,779,000 after buying an additional 40,042 shares during the last quarter. FMR LLC grew its holdings in shares of OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares in the last quarter. Capital International Investors increased its position in shares of OneMain by 2.1% during the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after purchasing an additional 211,745 shares during the period. Brave Warrior Advisors LLC raised its stake in shares of OneMain by 0.5% in the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after purchasing an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in OneMain by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after purchasing an additional 109,182 shares during the period. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Finally, Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.40.

OneMain Trading Down 1.1%

Shares of OneMain stock traded down $0.59 during trading on Friday, reaching $51.88. The company's stock had a trading volume of 938,807 shares, compared to its average volume of 1,051,854. The stock has a 50-day moving average price of $47.95 and a two-hundred day moving average price of $51.83. The stock has a market capitalization of $6.17 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $1.45 earnings per share. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.02%. OneMain's payout ratio is 87.95%.

Insider Activity

In related news, CEO Douglas H. Shulman sold 40,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the transaction, the chief operating officer now owns 108,007 shares in the company, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,000 shares of company stock valued at $3,448,300. Company insiders own 0.40% of the company's stock.

OneMain Company 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.