OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 17.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,728 shares of the financial services provider's stock after acquiring an additional 7,585 shares during the quarter. OneMain comprises about 0.9% of Impact Capital Partners LLC's portfolio, making the stock its 28th biggest position. Impact Capital Partners LLC's holdings in OneMain were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of OneMain in the 4th quarter worth $57,000. SRS Capital Advisors Inc. boosted its position in shares of OneMain by 177.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock worth $72,000 after purchasing an additional 889 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in OneMain during the 4th quarter worth $82,000. Finally, Allworth Financial LP increased its position in OneMain by 21.6% during the 4th quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider's stock valued at $93,000 after buying an additional 288 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

NYSE:OMF traded up $0.00 during mid-day trading on Tuesday, hitting $52.87. The company's stock had a trading volume of 861,078 shares, compared to its average volume of 1,047,974. The business's fifty day moving average is $48.42 and its two-hundred day moving average is $51.71. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.44 and a beta of 1.31. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. Analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.87%. OneMain's payout ratio is 87.95%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OMF shares. JPMorgan Chase & Co. lowered their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the transaction, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the sale, the chief operating officer now directly owns 108,007 shares in the company, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $3,448,300 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

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.