OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 77.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in OneMain in the fourth quarter valued at $26,000. Albion Financial Group UT purchased a new stake in shares of OneMain in the fourth quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new stake in OneMain during the fourth quarter worth about $26,000. IFP Advisors Inc grew 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 acquiring an additional 495 shares during the period. Finally, Richardson Financial Services Inc. purchased a new position in OneMain during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Up 0.3 %

Shares of NYSE OMF traded up $0.17 during midday trading on Friday, hitting $48.86. The stock had a trading volume of 812,238 shares, compared to its average volume of 1,040,339. The stock has a 50 day simple moving average of $48.12 and a 200-day simple moving average of $51.70. The company has a market capitalization of $5.83 billion, a PE ratio of 11.52, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date was Wednesday, February 12th. OneMain's payout ratio is 98.11%.

Insider Transactions at OneMain

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OMF shares. Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

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.