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

Range Financial Group LLC trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 15.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,084 shares of the financial services provider’s stock after selling 5,350 shares during the quarter. Range Financial Group LLC’s holdings in OneMain were worth $1,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMF. Barclays PLC lifted its stake in OneMain by 22.0% in the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock valued at $4,747,000 after buying an additional 18,190 shares during the last quarter. Yousif Capital Management LLC lifted its stake in OneMain by 11.7% in the fourth quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider’s stock valued at $287,000 after buying an additional 577 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in OneMain by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,410 shares of the financial services provider’s stock valued at $1,275,000 after buying an additional 1,665 shares during the last quarter. Empowered Funds LLC lifted its stake in OneMain by 49.3% in the fourth quarter. Empowered Funds LLC now owns 50,597 shares of the financial services provider’s stock valued at $2,638,000 after buying an additional 16,709 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in OneMain by 2.2% in the fourth quarter. Stephens Inc. AR now owns 21,481 shares of the financial services provider’s stock valued at $1,120,000 after buying an additional 461 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Performance

NYSE:OMF opened at $53.37 on Monday. The stock has a fifty day moving average price of $48.21 and a two-hundred day moving average price of $51.72. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.44 and a beta of 1.31. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain (NYSE:OMF) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.17. The firm had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. OneMain’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend was Friday, May 9th. OneMain’s dividend payout ratio (DPR) is 87.95%.

Wall Street Analyst Weigh In

OMF has been the subject of a number of research reports. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Wells Fargo & Company reduced their price objective on OneMain from $57.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Evercore ISI began coverage on OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price target for the company. Finally, Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.40.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the sale, the chief executive officer now owns 343,925 shares of the company’s stock, valued at approximately $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the sale, the chief operating officer now directly owns 108,007 shares in the company, valued at $5,639,045.47. This trade represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,000 shares of company stock valued at $3,448,300. Insiders own 0.40% of the company’s stock.

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.