Northwestern Mutual Wealth Management Co. Raises Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Northwestern Mutual Wealth Management Co. boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 13.5% in the 2nd quarter, Holdings Channel reports. The firm owned 2,276 shares of the financial services provider’s stock after acquiring an additional 271 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in OneMain were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of OneMain by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its holdings in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. US Bancorp DE raised its holdings in OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in shares of OneMain by 6.9% during the 2nd quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the sale, the senior vice president now owns 20,947 shares in the company, valued at approximately $1,047,350. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,300 shares of company stock worth $1,534,275 over the last three months. Company insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $46.18 on Friday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 9.48, a PEG ratio of 0.87 and a beta of 1.56. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The company has a 50 day moving average price of $46.68 and a 200 day moving average price of $48.49.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same period last year, the business posted $1.01 earnings per share. Research analysts forecast that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio is currently 85.42%.

Analysts Set New Price Targets

Several research firms recently commented on OMF. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Finally, Northland Securities lifted their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $54.33.

OneMain Profile

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.