Nuveen Asset Management LLC Sells 55,348 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Nuveen Asset Management LLC cut its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,016,711 shares of the financial services provider's stock after selling 55,348 shares during the period. Nuveen Asset Management LLC owned approximately 0.85% of OneMain worth $53,001,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Albion Financial Group UT purchased a new position in shares of OneMain in the fourth quarter valued at about $26,000. IFP Advisors Inc increased its position in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the period. R Squared Ltd purchased a new position in shares of OneMain in the fourth quarter valued at about $44,000. Richardson Financial Services Inc. purchased a new position in shares of OneMain in the fourth quarter valued at about $44,000. Finally, SRS Capital Advisors Inc. increased its position in shares of OneMain by 177.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 889 shares during the period. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada boosted their price target on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

OneMain Price Performance

NYSE:OMF traded down $0.16 during mid-day trading on Friday, hitting $50.18. 832,780 shares of the company's stock were exchanged, compared to its average volume of 1,045,409. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The business has a fifty day moving average price of $47.86 and a 200 day moving average price of $51.95. The company has a market cap of $5.97 billion, a PE ratio of 11.83, a P/E/G ratio of 0.44 and a beta of 1.28.

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

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's payout ratio is currently 87.95%.

OneMain Company 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.