Fiduciary Management Inc. WI Has $190.02 Million Holdings in OneMain Holdings, Inc. $OMF

Fiduciary Management Inc. WI lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,813,028 shares of the financial services provider’s stock after selling 161,979 shares during the quarter. OneMain accounts for approximately 2.1% of Fiduciary Management Inc. WI’s portfolio, making the stock its 11th biggest holding. Fiduciary Management Inc. WI’s holdings in OneMain were worth $190,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in OneMain by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after purchasing an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC increased its position in OneMain by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock valued at $17,945,000 after purchasing an additional 50,521 shares during the period. American Century Companies Inc. increased its position in OneMain by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock valued at $60,156,000 after purchasing an additional 35,126 shares during the period. Dimensional Fund Advisors LP increased its position in OneMain by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after purchasing an additional 63,774 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in OneMain during the 3rd quarter valued at approximately $1,107,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

NYSE OMF opened at $55.41 on Friday. The business has a 50 day simple moving average of $55.42 and a 200 day simple moving average of $59.50. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The stock has a market capitalization of $6.40 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.41 and a beta of 1.24.

OneMain (NYSE:OMF) last released its 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. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Equities analysts expect that OneMain Holdings, Inc. will post 7.38 earnings per share for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief operating officer owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Royal Bank Of Canada decreased their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.30.

OneMain Company Profile

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.