OneMain Holdings, Inc. $OMF Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 17.6% during the fourth quarter, Holdings Channel reports. The firm owned 2,310,513 shares of the financial services provider’s stock after acquiring an additional 345,269 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in OneMain were worth $156,075,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in shares of OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in OneMain in the 4th quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new position in OneMain in the 4th quarter valued at about $36,000. Transamerica Financial Advisors LLC increased its position in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 314 shares during the period. Finally, Spire Wealth Management increased its position in OneMain by 83.2% in the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 318 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada dropped their price target on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft dropped their target price on OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company dropped their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Finally, TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.30.

OneMain Price Performance

Shares of NYSE:OMF opened at $57.72 on Tuesday. The business’s 50 day simple moving average is $55.76 and its 200-day simple moving average is $59.38. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.42 and a beta of 1.24. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 EPS. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 7.38 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is currently 62.50%.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.