Geode Capital Management LLC Has $100.94 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Geode Capital Management LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 0.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,139,793 shares of the financial services provider’s stock after buying an additional 13,978 shares during the period. Geode Capital Management LLC’s holdings in OneMain were worth $100,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its stake in shares of OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in OneMain during the second quarter valued at $608,000. Argent Capital Management LLC grew its holdings in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after acquiring an additional 169,339 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of OneMain by 19.5% in the 2nd quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider’s stock valued at $32,900,000 after purchasing an additional 110,862 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares in the company, valued at $21,861,122. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,492 shares of company stock valued at $1,582,384. 0.45% of the stock is currently owned by corporate insiders.

OneMain Price Performance

OneMain stock opened at $51.42 on Thursday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $57.97. The firm has a market capitalization of $6.14 billion, a P/E ratio of 11.25, a PEG ratio of 0.69 and a beta of 1.56. The business has a fifty day moving average price of $52.59 and a 200-day moving average price of $49.62.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.09%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OMF shares. JMP Securities lifted their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Wells Fargo & Company increased their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.08.

About OneMain

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.