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

SG Americas Securities LLC lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 171.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,874 shares of the financial services provider's stock after purchasing an additional 6,875 shares during the quarter. SG Americas Securities LLC's holdings in OneMain were worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP boosted its position in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after acquiring an additional 1,796,054 shares during the last quarter. Norges Bank acquired a new position in OneMain during the 4th quarter worth approximately $72,936,000. FMR LLC boosted its position in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC boosted its position in OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of OneMain in the 4th quarter valued at approximately $46,195,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OMF shares. Wells Fargo & Company cut 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. JPMorgan Chase & Co. cut 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. Evercore ISI started coverage on OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Finally, Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, OneMain presently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Trading Down 0.1%

OMF stock traded down $0.04 during trading hours on Monday, hitting $54.07. 691,010 shares of the stock were exchanged, compared to its average volume of 1,052,279. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The firm 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 50-day simple moving average of $50.33 and a two-hundred day simple moving average of $51.42.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly 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 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 analysts' expectations of $1.16 billion. During the same quarter last year, the business earned $1.45 earnings per share. OneMain's revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

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

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 40,000 shares of the firm'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 directly owns 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 $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 quarter, insiders have sold 90,000 shares of company stock worth $4,499,500. Company insiders own 0.40% of the company's stock.

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.