Jump Financial LLC Reduces Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Jump Financial LLC reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the financial services provider's stock after selling 38,048 shares during the period. Jump Financial LLC's holdings in OneMain were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMF. FNY Investment Advisers LLC purchased a new stake in OneMain during the 4th quarter worth about $26,000. Albion Financial Group UT acquired a new position in OneMain in the fourth quarter valued at approximately $26,000. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings in 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 in the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in shares of OneMain during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company's stock.

OneMain Trading Down 1.3 %

Shares of OMF traded down $0.63 during mid-day trading on Tuesday, hitting $48.52. The company's stock had a trading volume of 456,017 shares, compared to its average volume of 1,040,555. The firm has a 50-day simple moving average of $47.97 and a 200 day simple moving average of $51.76. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The firm has a market capitalization of $5.79 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.15. OneMain had a net margin of 10.19% and a return on equity of 18.39%. During the same quarter last year, the company earned $1.45 EPS. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.57%. OneMain's dividend payout ratio (DPR) is 98.11%.

Analysts Set New Price Targets

Several equities research analysts recently commented on OMF shares. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. Finally, Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.17.

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.