Asset Management One Co. Ltd. Makes New $654,000 Investment in OneMain Holdings, Inc. $OMF

Asset Management One Co. Ltd. purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,529 shares of the financial services provider’s stock, valued at approximately $654,000.

A number of other large investors have also added to or reduced their stakes in the company. Certuity LLC raised its stake in shares of OneMain by 107.6% in the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock valued at $109,013,000 after acquiring an additional 1,000,654 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of OneMain by 57.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after buying an additional 713,670 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of OneMain by 254.2% during the third quarter. Qube Research & Technologies Ltd now owns 741,752 shares of the financial services provider’s stock valued at $41,879,000 after buying an additional 532,324 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of OneMain by 48.2% during the third quarter. AQR Capital Management LLC now owns 1,310,435 shares of the financial services provider’s stock valued at $73,987,000 after buying an additional 426,088 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of OneMain by 547.8% during the second quarter. Ameriprise Financial Inc. now owns 437,706 shares of the financial services provider’s stock valued at $24,947,000 after buying an additional 370,133 shares during the period. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OMF shares. Truist Financial dropped their price objective on shares of OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BTIG Research restated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research report on Thursday, January 8th. Royal Bank Of Canada boosted their target price on shares of OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company dropped their target price on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $67.44.

OneMain Price Performance

Shares of OneMain stock opened at $59.41 on Friday. OneMain Holdings, Inc. has a 12 month low of $45.02 and a 12 month high of $71.93. The stock has a market capitalization of $6.96 billion, a P/E ratio of 9.04, a PEG ratio of 0.43 and a beta of 1.30. The business has a 50 day simple moving average of $54.99 and a two-hundred day simple moving average of $59.94.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.04. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same period in the previous year, the firm posted $1.16 EPS. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 7.5 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Tuesday, February 17th. OneMain’s payout ratio is currently 63.93%.

Insider Activity

In related news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.40% of the company’s stock.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.