SG Americas Securities LLC Has $208,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

SG Americas Securities LLC decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 66.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,999 shares of the financial services provider’s stock after selling 8,056 shares during the period. SG Americas Securities LLC’s holdings in OneMain were worth $208,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after acquiring an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after acquiring an additional 30,558 shares during the last quarter. Basswood Capital Management L.L.C. raised its holdings in OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares during the last quarter. Finally, Argent Capital Management LLC lifted its position in OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock valued at $43,149,000 after purchasing an additional 18,534 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 0.5 %

OMF opened at $56.52 on Friday. The firm’s fifty day simple moving average is $54.69 and its 200 day simple moving average is $50.98. The stock has a market capitalization of $6.75 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.48 and a beta of 1.59. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stephens reissued an “overweight” rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Compass Point increased their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus price target of $57.15.

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.