Janney Montgomery Scott LLC Has $12.82 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Janney Montgomery Scott LLC lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. GAMMA Investing LLC raised its position in OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 662 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in OneMain in the fourth quarter valued at about $57,000. SRS Capital Advisors Inc. boosted 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 valued at $72,000 after purchasing an additional 889 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of OneMain during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Trading Up 0.9%

OMF stock traded up $0.47 during midday trading on Friday, hitting $54.15. The stock had a trading volume of 1,241,367 shares, compared to its average volume of 1,055,941. The business has a fifty day moving average price of $50.13 and a two-hundred day moving average price of $51.52. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The firm has a market cap of $6.44 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.46 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.45 EPS. The firm's revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate 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 was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.68%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Wall Street Analyst Weigh In

OMF has been the subject of a number of research reports. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on shares of OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, OneMain has an average rating of "Moderate Buy" and an average price target of $58.40.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction 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. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Monday, June 16th. The shares were sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the completion of the sale, the chief executive officer now directly owns 323,925 shares of the company's stock, valued at approximately $17,025,498. This trade represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,000 shares of company stock worth $4,499,500. Corporate insiders own 0.40% of the company's stock.

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.