39,811 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 39,811 shares of the financial services provider's stock, valued at approximately $2,075,000.

Several other large investors have also made changes to their positions in OMF. FNY Investment Advisers LLC bought a new stake in OneMain during the 4th quarter worth about $26,000. Albion Financial Group UT bought a new stake in shares of OneMain during the fourth quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new position in OneMain in the fourth quarter valued at approximately $26,000. IFP Advisors Inc boosted its stake in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in OneMain during the 4th quarter worth $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Down 1.0 %

Shares of NYSE:OMF traded down $0.48 during midday trading on Tuesday, reaching $48.44. 590,762 shares of the company were exchanged, compared to its average volume of 1,035,980. The firm has a market cap of $5.77 billion, a PE ratio of 11.42, a P/E/G ratio of 0.44 and a beta of 1.28. 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 fifty day simple moving average of $47.33 and a two-hundred day simple moving average of $51.77.

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, beating analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio (DPR) is currently 87.95%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Finally, Royal Bank of Canada increased their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Four 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction 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 completion of the sale, the chief executive officer now owns 343,925 shares in the company, valued at $16,332,998.25. The trade was a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,808 shares of company stock valued at $3,344,751 in the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

OneMain Company 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.