Janney Montgomery Scott LLC Boosts Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Janney Montgomery Scott LLC boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,013 shares of the financial services provider’s stock after buying an additional 15,778 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.23% of OneMain worth $14,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in shares of OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 204 shares in the last quarter. UMB Bank n.a. grew its position in OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of OneMain by 4.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 304 shares during the last quarter. Finally, Peak Financial Advisors LLC grew its holdings in shares of OneMain by 3.3% during the fourth quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 310 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares of the company’s stock, valued at approximately $5,316,428. The trade was a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock worth $1,582,384 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research note on Thursday, January 16th. Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities increased their target price on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Stephens began coverage on OneMain in a research note on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price target for the company. Finally, Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

OneMain Stock Down 0.6 %

Shares of OMF opened at $57.63 on Monday. The firm has a fifty day simple moving average of $54.63 and a two-hundred day simple moving average of $50.64. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.22. The stock has a market capitalization of $6.88 billion, a P/E ratio of 12.61, a PEG ratio of 0.50 and a beta of 1.58.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.22%. OneMain’s payout ratio is presently 91.03%.

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.