Nisa Investment Advisors LLC Raises Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Nisa Investment Advisors LLC lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 32.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,681 shares of the financial services provider’s stock after purchasing an additional 3,604 shares during the period. Nisa Investment Advisors LLC’s holdings in OneMain were worth $722,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its stake in shares of OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares in the last quarter. Allworth Financial LP increased its stake in shares of OneMain by 25.4% during the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 271 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of OneMain by 2.0% during the 3rd quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 275 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of OneMain by 0.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider’s stock worth $2,155,000 after purchasing an additional 290 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of OneMain by 5.3% during the 3rd quarter. Signaturefd LLC now owns 5,772 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 291 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 1.3 %

Shares of NYSE OMF opened at $47.43 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $33.67 and a 52-week high of $51.65. The firm has a fifty day moving average of $48.00 and a 200-day moving average of $44.71. The stock has a market capitalization of $5.68 billion, a PE ratio of 8.92, a P/E/G ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same period in the previous year, the company earned $1.56 EPS. Equities research analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.43%. OneMain’s payout ratio is 75.19%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Piper Sandler cut shares of OneMain from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $49.00 in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their target price on shares of OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on shares of OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, Stephens lowered their target price on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.54.

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.