Fmr LLC Grows Stake in OneMain Holdings Inc (NYSE:OMF)

FMR LLC boosted its stake in OneMain Holdings Inc (NYSE:OMF) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,225,438 shares of the financial services provider’s stock after purchasing an additional 606,258 shares during the quarter. FMR LLC owned about 8.98% of OneMain worth $388,157,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OMF. Prudential Financial Inc. boosted its holdings in OneMain by 87.9% in the fourth quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock valued at $33,147,000 after acquiring an additional 638,277 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in OneMain by 36.5% in the fourth quarter. Nomura Holdings Inc. now owns 40,703 shares of the financial services provider’s stock valued at $985,000 after acquiring an additional 10,894 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in OneMain by 236.9% in the fourth quarter. Squarepoint Ops LLC now owns 92,317 shares of the financial services provider’s stock valued at $2,242,000 after acquiring an additional 64,915 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of OneMain during the 1st quarter worth approximately $3,604,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of OneMain by 2,064.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock worth $9,332,000 after buying an additional 366,417 shares in the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:OMF traded up $0.45 during trading on Friday, reaching $34.59. 275,038 shares of the stock were exchanged, compared to its average volume of 478,711. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.60 and a beta of 2.41. The stock has a fifty day moving average price of $32.38. OneMain Holdings Inc has a 1-year low of $22.47 and a 1-year high of $37.29.

OneMain (NYSE:OMF) last released its quarterly earnings results on Monday, April 29th. The financial services provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. OneMain had a return on equity of 19.22% and a net margin of 11.73%. The business had revenue of $720.00 million during the quarter, compared to analyst estimates of $735.94 million. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities research analysts predict that OneMain Holdings Inc will post 5.69 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. OneMain’s payout ratio is 19.76%.

A number of equities analysts have issued reports on OMF shares. Wedbush restated an “outperform” rating and set a $124.00 price target on shares of New Relic in a report on Wednesday, May 15th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Northland Securities started coverage on Enphase Energy in a report on Wednesday, June 26th. They set an “outperform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $39.25.

About OneMain

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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