Two Sigma Investments LP Purchases 42,947 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Two Sigma Investments LP increased its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 93.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,736 shares of the financial services provider's stock after purchasing an additional 42,947 shares during the period. Two Sigma Investments LP owned approximately 0.07% of OneMain worth $4,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its stake in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock valued at $117,280,000 after purchasing an additional 1,796,054 shares during the last quarter. Norges Bank acquired a new stake in shares of OneMain during the 4th quarter valued at about $72,936,000. FMR LLC boosted its holdings in OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after purchasing an additional 1,352,604 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of OneMain by 54.1% in the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after buying an additional 1,013,312 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in OneMain in the 4th quarter valued at $46,195,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded down $0.59 on Friday, reaching $51.88. 938,807 shares of the company were exchanged, compared to its average volume of 1,049,973. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The company has a 50-day moving average of $47.94 and a 200-day moving average of $51.88. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.44 and a beta of 1.28.

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

OneMain Dividend Announcement

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

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OMF shares. Wells Fargo & Company cut their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price 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 started coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Finally, Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

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.