B. Riley Wealth Advisors Inc. Sells 543 Shares of OneMain Holdings, Inc. (NYSE:OMF)

B. Riley Wealth Advisors Inc. trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,878 shares of the financial services provider’s stock after selling 543 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in OneMain were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of OneMain in the fourth quarter worth $36,000. ZRC Wealth Management LLC purchased a new position in shares of OneMain in the fourth quarter worth $45,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of OneMain in the fourth quarter worth $47,000. Finally, Allworth Financial LP raised its stake in shares of OneMain by 25.4% in the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 271 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at $23,183,281. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at $23,183,281. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total value of $379,725.00. Following the sale, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,500 shares of company stock valued at $1,500,055. Insiders own 0.45% of the company’s stock.

OneMain Stock Down 0.5 %

NYSE OMF opened at $48.00 on Friday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59. The business has a 50-day moving average price of $49.34 and a 200-day moving average price of $48.46. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the prior year, the company posted $1.46 earnings per share. Research analysts expect that OneMain Holdings, Inc. will post 5.57 EPS for the current fiscal year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a positive change from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 dividend on an annualized basis and a yield of 8.67%. OneMain’s dividend payout ratio is presently 81.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OMF shares. BMO Capital Markets boosted their price target on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. JMP Securities reduced their price objective on OneMain from $62.00 to $59.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 4th. BTIG Research assumed coverage on OneMain in a research report on Friday, June 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. upped their price objective on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price objective on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

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.