New York State Common Retirement Fund Has $30.40 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

New York State Common Retirement Fund increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 622,015 shares of the financial services provider's stock after buying an additional 26,881 shares during the quarter. New York State Common Retirement Fund owned 0.52% of OneMain worth $30,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock valued at $619,779,000 after purchasing an additional 40,042 shares during the last quarter. FMR LLC raised its position in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after purchasing an additional 1,352,604 shares during the last quarter. Capital International Investors raised its position in OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after purchasing an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC raised its position in OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after purchasing an additional 35,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock valued at $181,402,000 after purchasing an additional 109,182 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Monday, June 16th. The stock was sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the completion of the sale, the chief executive officer directly owned 323,925 shares of the company's stock, valued at $17,025,498. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 3,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the transaction, the chief operating officer directly owned 98,007 shares of the company's stock, valued at approximately $5,880,420. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,000 shares of company stock valued at $5,082,190. 0.40% of the stock is owned by insiders.

OneMain Stock Down 0.0%

Shares of OneMain stock traded down $0.02 during trading on Wednesday, reaching $57.22. 1,260,123 shares of the company were exchanged, compared to its average volume of 1,068,024. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $60.12. The business has a 50-day moving average price of $54.07 and a 200-day moving average price of $51.96. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 0.50 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.27%. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OMF shares. JPMorgan Chase & Co. lifted their price objective on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Barclays boosted their target price on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.78.

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.