Robertson Stephens Wealth Management LLC Purchases 7,464 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Robertson Stephens Wealth Management LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,545 shares of the financial services provider's stock after acquiring an additional 7,464 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in OneMain were worth $1,933,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OMF. Yousif Capital Management LLC lifted its position in OneMain by 11.7% in the 4th quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider's stock valued at $287,000 after acquiring an additional 577 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in OneMain by 50.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 77,662 shares of the financial services provider's stock worth $4,046,000 after buying an additional 26,167 shares in the last quarter. Blue Trust Inc. lifted its position in OneMain by 36.9% during the 4th quarter. Blue Trust Inc. now owns 1,669 shares of the financial services provider's stock worth $87,000 after buying an additional 450 shares in the last quarter. Principal Securities Inc. lifted its position in OneMain by 28.7% during the 4th quarter. Principal Securities Inc. now owns 1,675 shares of the financial services provider's stock worth $87,000 after buying an additional 374 shares in the last quarter. Finally, Allworth Financial LP lifted 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 worth $93,000 after buying an additional 288 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 shares were 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 $16,332,998.25. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, 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. Insiders have sold a total of 90,000 shares of company stock worth $4,499,500 in the last quarter. Corporate insiders own 0.40% of the company's stock.

OneMain Stock Performance

OMF traded up $0.47 on Friday, reaching $54.15. The company had a trading volume of 1,241,367 shares, compared to its average volume of 1,053,730. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock has a market cap of $6.44 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.46 and a beta of 1.31. The company's fifty day moving average is $50.13 and its 200 day moving average is $51.48.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. OneMain had a net margin of 11.06% and a return on equity of 19.30%. The business had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.45 EPS. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given 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 7.68%. OneMain's payout ratio is presently 87.95%.

Wall Street Analyst Weigh In

OMF has been the topic of several analyst reports. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. Finally, Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain 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.