SG Americas Securities LLC Sells 8,056 Shares of OneMain Holdings, Inc. (NYSE:OMF)

SG Americas Securities LLC decreased its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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.

Several other institutional investors and hedge funds also recently made changes to their positions in OMF. Assenagon Asset Management S.A. purchased a new stake in OneMain during the third quarter valued at $17,016,000. Janus Henderson Group PLC lifted its holdings in OneMain by 69.0% during the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock worth $36,377,000 after buying an additional 315,640 shares during the period. Argent Capital Management LLC raised its stake in shares of OneMain by 20.2% during the 3rd quarter. Argent Capital Management LLC now owns 809,176 shares of the financial services provider's stock worth $38,088,000 after acquiring an additional 136,224 shares in the last quarter. Basswood Capital Management L.L.C. grew its holdings in OneMain by 12.3% in the third 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, Principal Financial Group Inc. boosted its holdings in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock worth $37,903,000 after acquiring an additional 87,084 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the topic of several analyst reports. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.36.

OneMain Stock Performance

Shares of OneMain stock traded up $0.98 during trading hours on Tuesday, reaching $56.76. The company's stock had a trading volume of 886,495 shares, compared to its average volume of 1,057,292. The company's 50 day simple moving average is $54.64 and its 200 day simple moving average is $51.06. The stock has a market cap of $6.77 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be paid a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.33%. OneMain's payout ratio is 98.11%.

OneMain 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.