Northern Trust Corp Boosts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Northern Trust Corp raised its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,538,672 shares of the financial services provider's stock after purchasing an additional 248,151 shares during the period. Northern Trust Corp owned about 1.29% of OneMain worth $80,211,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in OneMain by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after acquiring an additional 40,042 shares during the last quarter. FMR LLC boosted its holdings in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares during the last quarter. Capital International Investors grew its position in shares of OneMain by 2.1% in the fourth 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 period. Dimensional Fund Advisors LP increased its stake in OneMain by 3.2% in the fourth 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. Finally, Clearbridge Investments LLC increased its stake in OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock valued at $150,445,000 after purchasing an additional 1,013,312 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 25,000 shares of OneMain 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 sale, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. The trade was a 6.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the 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 transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,808 shares of company stock worth $3,344,751. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on OMF shares. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Evercore ISI initiated coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their target price on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Four investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

OneMain Stock Performance

OMF stock opened at $48.91 on Tuesday. The stock has a 50-day simple moving average of $47.42 and a 200-day simple moving average of $51.80. The firm has a market cap of $5.82 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

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

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.51%. OneMain's dividend payout ratio is presently 87.95%.

About OneMain

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.

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