Nebula Research & Development LLC Increases Stake in OneMain Holdings, Inc. (NYSE:OMF)

Nebula Research & Development LLC raised its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 204.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,743 shares of the financial services provider's stock after buying an additional 24,685 shares during the period. Nebula Research & Development LLC's holdings in OneMain were worth $1,915,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT bought a new position in OneMain during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in OneMain in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Performance

Shares of OneMain stock traded up $0.72 during mid-day trading on Thursday, hitting $47.79. 490,363 shares of the stock were exchanged, compared to its average volume of 1,041,635. The company has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $51.71. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The company has a market capitalization of $5.70 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results 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. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The company's quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is currently 98.11%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday. Wells Fargo & Company decreased their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, OneMain has an average rating of "Moderate Buy" and a consensus target price of $57.83.

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.