Geode Capital Management LLC Acquires 59,644 Shares of OneMain Holdings Inc (NYSE:OMF)

Geode Capital Management LLC grew its position in shares of OneMain Holdings Inc (NYSE:OMF) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,996 shares of the financial services provider’s stock after purchasing an additional 59,644 shares during the quarter. Geode Capital Management LLC’s holdings in OneMain were worth $19,358,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OMF. Norges Bank purchased a new position in shares of OneMain during the 4th quarter valued at approximately $40,862,000. Prudential Financial Inc. increased its holdings in shares of OneMain by 87.9% during the 4th quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock valued at $33,147,000 after purchasing an additional 638,277 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock valued at $83,806,000 after purchasing an additional 423,499 shares in the last quarter. D. E. Shaw & Co. Inc. increased 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 valued at $9,332,000 after purchasing an additional 366,417 shares in the last quarter. Finally, Fir Tree Capital Management LP purchased a new position in shares of OneMain during the 4th quarter valued at approximately $5,171,000. 90.44% of the stock is owned by hedge funds and other institutional investors.

Shares of OMF opened at $32.04 on Wednesday. The company has a market capitalization of $4.37 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 0.55 and a beta of 2.44. OneMain Holdings Inc has a 52-week low of $22.47 and a 52-week high of $37.29.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.05. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $735.94 million. OneMain had a return on equity of 19.22% and a net margin of 11.73%. During the same period in the prior year, the company posted $1.18 earnings per share. Equities analysts anticipate that OneMain Holdings Inc will post 5.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, May 28th. OneMain’s dividend payout ratio (DPR) is 19.76%.

Several equities analysts have recently weighed in on the stock. Wedbush lowered shares of OneMain from an “outperform” rating to a “neutral” rating and cut their target price for the company from $40.00 to $35.00 in a report on Wednesday, May 15th. Zacks Investment Research lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Northland Securities reaffirmed a “hold” rating and set a $38.00 target price on shares of OneMain in a research note on Tuesday, April 30th. BTIG Research initiated coverage on shares of OneMain in a research note on Friday, February 22nd. They set a “buy” rating and a $43.00 target price on the stock. Finally, TheStreet raised shares of OneMain from a “c+” rating to a “b-” rating in a research note on Tuesday, February 19th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $39.00.

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OneMain Profile

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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