Nuveen Asset Management LLC Has $53 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Nuveen Asset Management LLC trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in OneMain by 22.0% during the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after purchasing an additional 18,190 shares during the period. Park Avenue Securities LLC lifted its position in shares of OneMain by 11.5% during the 4th quarter. Park Avenue Securities LLC now owns 8,784 shares of the financial services provider's stock worth $458,000 after buying an additional 904 shares during the period. Arkadios Wealth Advisors boosted its stake in OneMain by 9.8% in the 4th quarter. Arkadios Wealth Advisors now owns 4,927 shares of the financial services provider's stock valued at $257,000 after buying an additional 439 shares in the last quarter. My Legacy Advisors LLC bought a new stake in OneMain in the fourth quarter valued at $226,000. Finally, Harbor Investment Advisory LLC grew its position in OneMain by 40.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,254 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 1,502 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMF has been the topic of several recent analyst reports. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Wall Street Zen upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

OneMain Trading Up 1.5%

Shares of OneMain stock traded up $0.72 during midday trading on Thursday, reaching $50.32. The company had a trading volume of 1,107,482 shares, compared to its average volume of 1,042,895. The stock has a fifty day simple moving average of $47.78 and a 200 day simple moving average of $51.97. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

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

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.27%. OneMain's payout ratio is presently 87.95%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the transaction, the chief executive officer now directly owns 343,925 shares in the company, valued at approximately $16,332,998.25. This trade represents a 6.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,808 shares of company stock valued at $3,344,751. 0.40% of the stock is currently owned by insiders.

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.