SG Americas Securities LLC Has $532,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

SG Americas Securities LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 171.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,874 shares of the financial services provider's stock after acquiring an additional 6,875 shares during the quarter. SG Americas Securities LLC's holdings in OneMain were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OMF. IFP Advisors Inc increased its stake in shares of OneMain by 180.0% during 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 period. GAMMA Investing LLC increased its position in 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 buying an additional 662 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of OneMain during the fourth quarter worth $57,000. SRS Capital Advisors Inc. lifted its holdings 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 buying an additional 889 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of OneMain in the fourth quarter valued at about $82,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was 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 approximately $18,446,250. The trade was a 9.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the transaction, the chief operating officer now owns 108,007 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 90,000 shares of company stock worth $4,499,500. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Stock Performance

Shares of OneMain stock traded up $0.67 during trading on Thursday, reaching $56.22. 601,540 shares of the company's stock were exchanged, compared to its average volume of 1,050,217. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The company has a market cap of $6.69 billion, a P/E ratio of 11.89, a PEG ratio of 0.48 and a beta of 1.31. The firm's 50-day moving average price is $51.00 and its 200 day moving average price is $51.48.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping 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 firm had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts predict 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. Stockholders of record on Friday, May 9th were issued 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 7.40%. OneMain's dividend payout ratio (DPR) is presently 87.95%.

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.