Fiduciary Management Inc. WI Has $113.32 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Fiduciary Management Inc. WI boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,173,714 shares of the financial services provider’s stock after acquiring an additional 11,324 shares during the quarter. Fiduciary Management Inc. WI’s holdings in OneMain were worth $113,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SlateStone Wealth LLC increased its holdings in OneMain by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock valued at $307,000 after buying an additional 234 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in shares of OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after buying an additional 256 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 286 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

OMF opened at $44.38 on Friday. The firm’s fifty day moving average is $49.33 and its two-hundred day moving average is $51.64. The firm has a market cap of $5.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 9.37%. OneMain’s dividend payout ratio is presently 98.11%.

Analyst Ratings Changes

A number of brokerages have weighed in on OMF. Northland Securities raised shares of OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. Finally, Stephens reiterated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.17.

OneMain Company 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.