Mitsubishi UFJ Asset Management Co. Ltd. Reduces Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,004 shares of the financial services provider’s stock after selling 377 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in OneMain were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in OneMain during the third quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after buying an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of OneMain in the 4th quarter valued at $36,000. Operose Advisors LLC acquired a new stake in OneMain during the 3rd quarter worth $40,000. Finally, Allworth Financial LP lifted its position in OneMain by 368.4% in the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total transaction of $379,725.00. Following the transaction, the chief operating officer now directly owns 119,525 shares in the company, valued at $6,051,550.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas H. Shulman sold 19,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total transaction of $379,725.00. Following the transaction, the chief operating officer now owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their price objective on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Citigroup decreased their price target on shares of OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Stephens dropped their price objective on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.62.

OneMain Stock Down 1.3 %

Shares of NYSE:OMF opened at $48.22 on Thursday. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $53.65. The company has a 50-day moving average price of $49.73 and a 200 day moving average price of $47.00. The company has a market cap of $5.78 billion, a P/E ratio of 9.40, a PEG ratio of 0.69 and a beta of 1.63.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same period last year, the firm earned $1.46 EPS. Analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a dividend of $1.04 per share. The ex-dividend date was Thursday, May 9th. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.63%. OneMain’s dividend payout ratio is 81.09%.

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.