Meadow Creek Investment Management LLC Has $1.68 Million Stake in OneMain Holdings Inc (NYSE:OMF)
Meadow Creek Investment Management LLC lifted its holdings in shares of OneMain Holdings Inc (NYSE:OMF) by 94.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 49,680 shares of the financial services provider’s stock after acquiring an additional 24,080 shares during the period. Meadow Creek Investment Management LLC’s holdings in OneMain were worth $1,680,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in OneMain by 5.2% during the 1st quarter. FMR LLC now owns 12,225,438 shares of the financial services provider’s stock valued at $388,157,000 after purchasing an additional 606,258 shares during the last quarter. Varde Management L.P. bought a new position in OneMain during the 1st quarter valued at about $360,500,000. Dimensional Fund Advisors LP lifted its holdings in OneMain by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock valued at $83,806,000 after purchasing an additional 423,499 shares during the last quarter. Prudential Financial Inc. lifted its holdings in OneMain by 20.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,462,639 shares of the financial services provider’s stock valued at $83,261,000 after purchasing an additional 423,847 shares during the last quarter. Finally, Bayview Asset Management LLC bought a new position in OneMain during the 2nd quarter valued at about $27,473,000. 91.00% of the stock is owned by institutional investors.
Shares of NYSE:OMF traded up $0.39 during trading on Friday, hitting $38.78. 11,841 shares of the company’s stock were exchanged, compared to its average volume of 656,295. OneMain Holdings Inc has a 1-year low of $22.47 and a 1-year high of $43.28. The firm has a 50-day moving average price of $38.02 and a two-hundred day moving average price of $34.25. The firm has a market cap of $5.22 billion, a P/E ratio of 7.65, a PEG ratio of 0.62 and a beta of 2.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, August 26th. OneMain’s dividend payout ratio is 19.76%.
OMF has been the subject of a number of research analyst reports. Cowen dropped their target price on shares of OneMain from $10.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Compass Point boosted their target price on shares of OneMain from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. ValuEngine downgraded shares of OneMain from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. BMO Capital Markets set a $56.00 target price on shares of OneMain and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Northland Securities raised shares of OneMain from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $40.00 in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.27.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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