Principal Financial Group Inc. Has $29.53 Million Stock Position in OneMain Holdings, Inc. $OMF

Principal Financial Group Inc. cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 522,955 shares of the financial services provider’s stock after selling 102,532 shares during the period. Principal Financial Group Inc.’s holdings in OneMain were worth $29,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in OneMain during the third quarter worth about $26,000. Activest Wealth Management increased its holdings in shares of OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after buying an additional 529 shares in the last quarter. Bayforest Capital Ltd lifted its stake in shares of OneMain by 591.8% in the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of OneMain by 57.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 262 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in OneMain by 79.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 363 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $61.58 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $71.93. The company has a 50 day simple moving average of $66.57 and a two-hundred day simple moving average of $61.30. The company has a market capitalization of $7.25 billion, a PE ratio of 9.37, a P/E/G ratio of 0.35 and a beta of 1.33.

OneMain (NYSE:OMF) last posted its quarterly earnings data 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. OneMain had a net margin of 14.35% and a return on equity of 23.96%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is presently 71.19%.

Analyst Upgrades and Downgrades

OMF has been the subject of several research reports. Citizens Jmp dropped their target price on OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research report on Monday, November 24th. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Finally, Evercore set a $75.00 price target on shares of OneMain in a research note on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.70.

Key OneMain News

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Q4 beat — OMF reported adjusted EPS above consensus and strong revenue growth (Q4 EPS beat and revenue well ahead of estimates), showing solid operating leverage and higher pretax/net income versus the prior year. PR Newswire: Q4 results
• Positive Sentiment: Dividend boost — The board declared a $1.05 quarterly dividend (ex-dividend Feb. 17), implying a roughly 6.7% yield, which supports income-focused holders and can underpin demand for the shares.
• Positive Sentiment: Resilient loan/credit performance — Management emphasized resilient loan growth and credit trends in the Q4 review and deep-dive coverage, suggesting core business momentum even as they remain cautious on the outlook. Yahoo Finance: Q4 deep dive
• Neutral Sentiment: Analyst nuance — Truist trimmed its target from $75 to $73 but kept a “buy” rating (still implying material upside), reflecting mixed analyst views rather than a consensus sell signal. Benzinga: Truist note
• Negative Sentiment: JPMorgan downgrade/target cut — JPMorgan lowered its price target to $63 and moved to an “underweight” stance, reducing demand from a major institutional channel and signaling skepticism on near-term upside. Benzinga: JPMorgan note
• Negative Sentiment: Costs & provisions rising — Coverage flagged that while net interest income rose, year-over-year expense and provision increases weighed on the stock after the print; investors are focused on whether margins and credit costs stabilize. Zacks: NII, costs, provisions

Insider Activity

In other news, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at $11,910,181. The trade was a 24.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael A. Hedlund sold 652 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the sale, the senior vice president directly owned 15,179 shares of the company’s stock, valued at $941,098. This represents a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

OneMain Profile

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.