UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,531 shares of the financial services provider's stock after purchasing an additional 55,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.36% of OneMain worth $22,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. SlateStone Wealth LLC increased its position in shares of OneMain by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 220 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of OneMain by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 234 shares during the last quarter. Avitas Wealth Management LLC increased its position in shares of OneMain by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after purchasing an additional 256 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its position in shares of OneMain by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 281 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Down 1.1%

NYSE:OMF traded down $0.59 during trading hours on Friday, reaching $51.88. 938,807 shares of the company's stock were exchanged, compared to its average volume of 1,051,854. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.44 and a beta of 1.28. The company has a 50-day moving average of $47.95 and a 200 day moving average of $51.83.

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, 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 company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the business earned $1.45 EPS. The business's revenue was up 7.1% on a year-over-year basis. Research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.02%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer now owns 108,007 shares in the company, valued at $5,639,045.47. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief executive officer now owns 368,925 shares of the company's stock, valued at $18,446,250. This represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock worth $3,448,300. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price 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. Royal Bank of Canada increased their target price 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. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Wall Street Zen raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average target price of $58.40.

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.