OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 9.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,288,643 shares of the financial services provider’s stock after purchasing an additional 270,207 shares during the quarter. Dimensional Fund Advisors LP’s holdings in OneMain were worth $159,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of OneMain by 1,125.3% in the fourth quarter. Principal Financial Group Inc. now owns 107,985 shares of the financial services provider’s stock worth $5,313,000 after acquiring an additional 99,172 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of OneMain by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 251 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of OneMain in the fourth quarter worth $201,000. Norges Bank acquired a new stake in shares of OneMain in the fourth quarter worth $62,732,000. Finally, D.A. Davidson & CO. increased its position in shares of OneMain by 14.4% in the fourth quarter. D.A. Davidson & CO. now owns 10,586 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 1,335 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

NYSE OMF opened at $49.08 on Friday. OneMain Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $54.94. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. The company’s fifty day moving average price is $48.23 and its two-hundred day moving average price is $48.77.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the prior year, the company earned $1.01 earnings per share. As a group, analysts anticipate that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.48%. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,300 shares of company stock valued at $1,534,275. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Barclays decreased their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Northland Securities upped their target price on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus target price of $55.25.

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.