Northwestern Mutual Wealth Management Co. Buys 9,283 Shares of OneMain Holdings, Inc. $OMF

Northwestern Mutual Wealth Management Co. increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 242.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,118 shares of the financial services provider’s stock after buying an additional 9,283 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in OneMain were worth $886,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OMF. Atlantic Union Bankshares Corp bought a new stake in OneMain during the fourth quarter worth $36,000. Sunbelt Securities Inc. bought a new stake in OneMain in the 3rd quarter worth about $46,000. Spire Wealth Management grew 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 worth $47,000 after purchasing an additional 318 shares in the last quarter. Activest Wealth Management grew its position in OneMain by 37.6% in the 4th quarter. Activest Wealth Management now owns 794 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 217 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in OneMain in the 4th quarter valued at $58,000. Institutional investors own 85.82% of the company’s stock.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.

OneMain Price Performance

Shares of NYSE:OMF opened at $54.00 on Tuesday. The firm has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $59.49. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.41 and a beta of 1.24.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $1.72 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts expect that OneMain Holdings, Inc. will post 7.38 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 dividend yield of 7.8%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is 62.50%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. BTIG Research restated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Barclays reduced 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Evercore set a $55.00 target price on shares of OneMain in a research report on Tuesday, March 17th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.30.

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.