Nissay Asset Management Corp Japan ADV Buys New Stake in OneMain Holdings, Inc. (NYSE:OMF)

Nissay Asset Management Corp Japan ADV acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,507 shares of the financial services provider's stock, valued at approximately $2,032,000.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its stake in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after buying an additional 1,796,054 shares during the last quarter. Norges Bank acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $72,936,000. FMR LLC grew its position in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of OneMain in the 4th quarter valued at $46,195,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Down 0.6%

OMF stock traded down $0.31 on Friday, reaching $50.03. 194,972 shares of the company's stock were exchanged, compared to its average volume of 1,040,253. The stock has a fifty day moving average of $47.82 and a 200-day moving average of $51.97. The firm has a market cap of $5.95 billion, a PE ratio of 11.84, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. On average, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.31%. OneMain's dividend payout ratio is presently 87.95%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares of the company's stock, valued at $16,332,998.25. The trade was a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

OMF has been the subject of a number of recent research reports. Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

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.