SG Americas Securities LLC Lowers Stock Holdings in OneMain Holdings, Inc. $OMF

SG Americas Securities LLC cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 46.3% during the second quarter, HoldingsChannel.com reports. The fund owned 5,842 shares of the financial services provider’s stock after selling 5,032 shares during the quarter. SG Americas Securities LLC’s holdings in OneMain were worth $333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OMF. SVB Wealth LLC purchased a new stake in shares of OneMain in the first quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $47,000 after purchasing an additional 363 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of OneMain in the 1st quarter worth $42,000. Golden State Wealth Management LLC grew its position in shares of OneMain by 2,940.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock worth $52,000 after buying an additional 882 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of OneMain during the 1st quarter worth $46,000. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. JMP Securities set a $68.00 price objective on shares of OneMain in a research note on Monday. Citigroup reissued a “market outperform” rating on shares of OneMain in a report on Monday. Finally, Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $62.63.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the sale, the chief operating officer owned 88,221 shares in the company, valued at approximately $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the transaction, the chief executive officer owned 231,600 shares in the company, valued at approximately $13,789,464. This trade represents a 13.13% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

OneMain Stock Up 0.2%

Shares of OneMain stock opened at $62.03 on Friday. The firm’s 50 day moving average price is $57.83 and its 200-day moving average price is $57.12. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $63.24. The company has a market cap of $7.30 billion, a P/E ratio of 11.20, a PEG ratio of 0.45 and a beta of 1.37.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. The company had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. During the same quarter in the prior year, the company posted $1.31 earnings per share. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is 71.19%.

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.