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

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

Several other large investors have also added to or reduced their stakes in the business. SlateStone Wealth LLC raised its stake in shares of OneMain by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock worth $369,000 after purchasing an additional 220 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after buying an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in OneMain by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after buying an additional 234 shares in the last quarter. Prosperity Consulting Group LLC raised its position in OneMain by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock valued at $317,000 after buying an additional 281 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock valued at $1,813,000 after acquiring an additional 286 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the transaction, the chief executive officer now directly owns 343,925 shares of the company's stock, valued at $16,332,998.25. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of OneMain 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 transaction, the chief operating officer now 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,000 shares of company stock worth $3,448,300. Company insiders own 0.40% of the company's stock.

OneMain Stock Down 0.6%

Shares of OMF stock opened at $52.57 on Wednesday. The firm has a market cap of $6.25 billion, a P/E ratio of 11.11, a PEG ratio of 0.45 and a beta of 1.31. The company has a 50 day moving average of $49.54 and a 200-day moving average of $51.55. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

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 for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. OneMain's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. As a group, equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.91%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio (DPR) is currently 87.95%.

Analyst Ratings Changes

Several research firms have recently issued reports on OMF. Wells Fargo & Company reduced 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. JMP Securities reaffirmed a "market outperform" rating and issued 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. Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Three research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

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.

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