SG Americas Securities LLC Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

SG Americas Securities LLC reduced its stake in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,275 shares of the financial services provider’s stock after selling 4,669 shares during the period. SG Americas Securities LLC’s holdings in OneMain were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OMF. Vanguard Group Inc. raised its holdings in shares of OneMain by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider’s stock worth $589,256,000 after buying an additional 51,537 shares during the last quarter. Capital International Investors raised its holdings in shares of OneMain by 77.1% during the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock worth $466,646,000 after purchasing an additional 4,284,232 shares during the last quarter. BlackRock Inc. raised its holdings in shares of OneMain by 3.9% during the third quarter. BlackRock Inc. now owns 5,420,306 shares of the financial services provider’s stock worth $160,009,000 after purchasing an additional 204,780 shares during the last quarter. Brave Warrior Advisors LLC raised its holdings in shares of OneMain by 86.2% during the third quarter. Brave Warrior Advisors LLC now owns 5,381,093 shares of the financial services provider’s stock worth $158,850,000 after purchasing an additional 2,491,819 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of OneMain by 5.9% during the first quarter. Wellington Management Group LLP now owns 3,126,854 shares of the financial services provider’s stock worth $148,244,000 after purchasing an additional 174,300 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

OneMain Stock Performance

NYSE OMF opened at $35.78 on Tuesday. OneMain Holdings, Inc. has a one year low of $28.77 and a one year high of $46.99. The company has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $38.28. The firm has a market capitalization of $4.31 billion, a PE ratio of 5.81 and a beta of 1.69.

OneMain (NYSE:OMF – Get Rating) last posted its earnings results on Tuesday, April 25th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.13). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $864.65 million. OneMain had a net margin of 17.03% and a return on equity of 25.93%. During the same period in the previous year, the firm earned $2.36 earnings per share. Equities analysts forecast that OneMain Holdings, Inc. will post 6.06 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, May 5th will be issued a $1.00 dividend. The ex-dividend date is Thursday, May 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 11.18%. OneMain’s payout ratio is currently 64.94%.

Analyst Ratings Changes

A number of research firms have weighed in on OMF. Stephens lifted their price objective on shares of OneMain from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Friday, April 28th. Citigroup upped their price objective on OneMain from $39.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 9th. JPMorgan Chase & Co. decreased their price objective on OneMain from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, April 17th. Finally, JMP Securities upped their price objective on OneMain from $49.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.15.

OneMain Company Profile

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OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting, and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer and Insurance segment. The Consumer and Insurance segment offers services to secured and unsecured personal loans, voluntary credit, and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.