Impact Capital Partners LLC Purchases 7,585 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Impact Capital Partners LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 17.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,728 shares of the financial services provider's stock after purchasing an additional 7,585 shares during the quarter. OneMain accounts for 0.9% of Impact Capital Partners LLC's portfolio, making the stock its 28th largest 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted 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 purchased a new position in shares of OneMain during the 4th quarter worth $57,000. SRS Capital Advisors Inc. boosted its stake in shares of OneMain by 177.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock worth $72,000 after acquiring an additional 889 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of OneMain during the 4th quarter worth $82,000. Finally, Allworth Financial LP boosted its stake in shares of OneMain by 21.6% during the 4th quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider's stock worth $93,000 after acquiring an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction dated 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 owns 108,007 shares in the company, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 40,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief executive officer now owns 368,925 shares of the company's stock, valued at approximately $18,446,250. This represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock worth $3,448,300. 0.40% of the stock is currently owned by corporate insiders.

OneMain Stock Performance

OneMain stock traded up $1.48 during trading hours on Friday, hitting $53.37. The company had a trading volume of 686,606 shares, compared to its average volume of 1,048,856. The firm has a market cap of $6.35 billion, a P/E ratio of 12.59, a P/E/G 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. The company has a 50-day moving average price of $48.21 and a two-hundred day moving average price of $51.77.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 7.79%. OneMain's dividend payout ratio (DPR) is 87.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price objective on shares of OneMain in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

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.