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

Northwestern Mutual Wealth Management Co. increased its position in OneMain Holdings, Inc. (NYSE:OMF) by 242.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of OMF. JPMorgan Chase & Co. lifted its stake in OneMain by 33.5% in the third quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after purchasing an additional 72,688 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in OneMain by 24.1% in the fourth 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 last quarter. American Century Companies Inc. lifted its position in OneMain by 3.4% in the third 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 last quarter. Dimensional Fund Advisors LP lifted its position in OneMain by 1.6% in the third 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 last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in OneMain in the third quarter valued at approximately $1,107,000. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

OMF has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Wells Fargo & Company lowered their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research note on Thursday, April 9th. 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 report on Monday, May 4th. Finally, BTIG Research restated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.30.

OneMain Price Performance

Shares of NYSE:OMF opened at $54.00 on Tuesday. OneMain Holdings, Inc. has a 1-year low of $45.78 and a 1-year high of $71.93. The business has a fifty day moving average price of $55.44 and a 200-day moving average price of $59.49. The company has a market capitalization of $6.24 billion, a PE ratio of 8.03, a PEG ratio of 0.41 and a beta of 1.24.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating 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 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 company earned $1.72 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that OneMain Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. OneMain’s dividend payout ratio (DPR) is 62.50%.

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.