Arrowstreet Capital Limited Partnership Has $71.34 Million Stock Holdings in OneMain Holdings, Inc. $OMF

Arrowstreet Capital Limited Partnership decreased its position in OneMain Holdings, Inc. (NYSE:OMF) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,251,574 shares of the financial services provider’s stock after selling 67,605 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.05% of OneMain worth $71,340,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Pallas Capital Advisors LLC bought a new position in OneMain during the second quarter worth $350,000. Invesco Ltd. boosted its holdings in OneMain by 16.4% in the 1st quarter. Invesco Ltd. now owns 335,097 shares of the financial services provider’s stock valued at $16,380,000 after purchasing an additional 47,099 shares during the period. Virtu Financial LLC acquired a new stake in OneMain in the 1st quarter worth $515,000. Cooperman Leon G increased its holdings in shares of OneMain by 187.7% during the 1st quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock worth $43,454,000 after purchasing an additional 580,000 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of OneMain by 46.6% during the 1st quarter. Cetera Investment Advisers now owns 45,293 shares of the financial services provider’s stock worth $2,214,000 after purchasing an additional 14,404 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

OneMain stock opened at $64.91 on Friday. The business has a 50 day simple moving average of $58.13 and a 200 day simple moving average of $57.44. The company has a market capitalization of $7.64 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.38. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $65.55.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.32. The firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $1.24 billion. OneMain had a return on equity of 22.70% and a net margin of 13.15%.During the same period in the prior year, the company posted $1.31 earnings per share. Equities analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $4.20 annualized dividend and a yield of 6.5%. This is an increase from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is 71.19%.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the sale, the chief operating officer owned 88,221 shares in the company, valued at approximately $5,222,683.20. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the sale, the chief executive officer directly owned 231,600 shares in the company, valued at approximately $13,789,464. This represents a 13.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,652 shares of company stock worth $2,420,324 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OMF. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Royal Bank Of Canada raised their price objective on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Citizens Jmp decreased their price objective on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. boosted their price objective on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.63.

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.