Janney Montgomery Scott LLC Reduces Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Janney Montgomery Scott LLC reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 262,301 shares of the financial services provider's stock after selling 12,712 shares during the period. Janney Montgomery Scott LLC owned about 0.22% of OneMain worth $12,821,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OMF. IFP Advisors Inc grew its holdings in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares during the period. GAMMA Investing LLC lifted its holdings in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after acquiring an additional 662 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of OneMain during the 4th quarter valued at about $57,000. SRS Capital Advisors Inc. raised its stake in shares of OneMain by 177.8% during the fourth 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 in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in OneMain in the 4th quarter worth $82,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer now owns 368,925 shares in the company, valued at $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total transaction of $261,050.00. Following the transaction, the chief operating officer now directly owns 108,007 shares of the company's stock, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,000 shares of company stock worth $4,499,500. Company insiders own 0.40% of the company's stock.

OneMain Stock Performance

NYSE:OMF traded down $0.04 during mid-day trading on Monday, hitting $54.07. 691,010 shares of the company's stock traded hands, compared to its average volume of 1,052,279. The company has a market capitalization of $6.43 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.46 and a beta of 1.32. The company has a fifty day moving average of $50.33 and a 200 day moving average of $51.42. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last posted 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 firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 11.06% and a return on equity of 19.30%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.69%. OneMain's dividend payout ratio is currently 87.95%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OMF shares. Wells Fargo & Company reduced their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday, April 30th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Three 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 stock. According to data from MarketBeat, the stock currently has an average 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.