Stifel Financial Corp Has $3.74 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Stifel Financial Corp lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,396 shares of the financial services provider's stock after purchasing an additional 10,994 shares during the quarter. Stifel Financial Corp owned about 0.07% of OneMain worth $3,737,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of OMF. SG Americas Securities LLC bought a new stake in shares of OneMain in the 2nd quarter worth $377,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of OneMain by 7.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider's stock worth $232,000 after purchasing an additional 337 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of OneMain during the 2nd quarter valued at $203,000. Blue Trust Inc. grew its holdings in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 225 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of OneMain by 9.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,969 shares of the financial services provider's stock worth $1,938,000 after acquiring an additional 3,433 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now owns 417,474 shares of the company's stock, valued at $20,873,700. The trade was a 1.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares of the company's stock, valued at $1,047,350. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,778 shares of company stock worth $1,996,684 in the last ninety days. Insiders own 0.45% of the company's stock.

OneMain Stock Down 3.5 %

NYSE OMF traded down $1.95 during trading on Tuesday, hitting $53.78. The company's stock had a trading volume of 817,902 shares, compared to its average volume of 1,000,931. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The firm has a market cap of $6.42 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. The firm has a 50 day moving average price of $52.43 and a 200 day moving average price of $49.58.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Analyst Ratings Changes

Several research analysts have weighed in on OMF shares. Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Stephens assumed coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Finally, Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and a consensus target price of $56.08.

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.