OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,538,672 shares of the financial services provider's stock after buying an additional 248,151 shares during the quarter. Northern Trust Corp owned approximately 1.29% of OneMain worth $80,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in OneMain during the fourth quarter valued at $26,000. Albion Financial Group UT bought a new stake in OneMain during the fourth quarter valued at $26,000. Legend Financial Advisors Inc. bought a new stake in OneMain during the fourth quarter valued at $26,000. IFP Advisors Inc boosted its stake in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the period. Finally, Richardson Financial Services Inc. bought a new stake in OneMain during the fourth quarter valued at $44,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMF has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. JPMorgan Chase & Co. cut their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Stock Down 2.1%

OMF stock traded down $1.06 during trading on Friday, reaching $48.96. The company's stock had a trading volume of 1,042,306 shares, compared to its average volume of 1,038,726. 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 $5.82 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. The company's fifty day moving average is $47.18 and its 200-day moving average is $51.87.

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

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.50%. OneMain's payout ratio is 87.95%.

Insider Activity

In related news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 15,831 shares of the company's stock, valued at approximately $887,960.79. The trade was a 15.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock worth $3,344,751 over the last 90 days. Corporate insiders own 0.45% of the company's stock.

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.