Mitsubishi UFJ Trust & Banking Corp Has $13.24 Million Stake in OneMain Holdings, Inc. $OMF

Mitsubishi UFJ Trust & Banking Corp increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 84.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 234,521 shares of the financial services provider’s stock after purchasing an additional 107,204 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of OneMain worth $13,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of OneMain during the 3rd quarter worth $26,000. Bayforest Capital Ltd lifted its position in OneMain by 591.8% during the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 574 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 363 shares during the period. Parkside Financial Bank & Trust grew its position in shares of OneMain by 1,117.8% in the third quarter. Parkside Financial Bank & Trust now owns 889 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 816 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of OneMain by 2,940.0% in the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 882 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OneMain stock opened at $64.97 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $71.93. The firm has a market capitalization of $7.65 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33. The company’s fifty day moving average price is $65.97 and its two-hundred day moving average price is $60.99.

OneMain (NYSE:OMF) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.31 EPS. Analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, November 10th. This is a boost from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is currently 71.19%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OMF. Citigroup reiterated a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. JMP Securities set a $68.00 target price on shares of OneMain in a research note on Monday, November 24th. Truist Financial assumed coverage on shares of OneMain in a report on Monday, December 8th. They issued a “buy” rating and a $75.00 price target for the company. Evercore ISI set a $75.00 price target on shares of OneMain in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada upped their price objective on shares of OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Nine investment 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 currently has an average rating of “Moderate Buy” and an average price target of $71.30.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the sale, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. The trade was a 24.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the sale, the chief operating officer owned 88,221 shares of the company’s stock, valued at $5,222,683.20. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 98,152 shares of company stock worth $6,353,899 in the last 90 days. 0.40% of the stock is owned by company insiders.

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.