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

Range Financial Group LLC reduced its stake in OneMain Holdings, Inc. (NYSE:OMF) by 84.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,629 shares of the financial services provider’s stock after selling 25,071 shares during the period. Range Financial Group LLC’s holdings in OneMain were worth $236,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UBS Group AG raised its position in shares of OneMain by 45.2% during the 3rd quarter. UBS Group AG now owns 186,893 shares of the financial services provider’s stock worth $7,493,000 after acquiring an additional 58,150 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of OneMain by 0.3% during the third quarter. Rhumbline Advisers now owns 133,334 shares of the financial services provider’s stock worth $5,345,000 after purchasing an additional 426 shares during the period. PNC Financial Services Group Inc. increased its stake in OneMain by 12.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,276 shares of the financial services provider’s stock valued at $131,000 after buying an additional 358 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of OneMain in the 3rd quarter worth $277,000. Finally, Invesco Ltd. raised its stake in shares of OneMain by 36.5% during the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock worth $22,657,000 after buying an additional 151,226 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other OneMain news, COO Micah R. Conrad sold 7,500 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the sale, the chief operating officer now directly owns 119,525 shares in the company, valued at $6,051,550.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The disclosure for this sale can be found here. Insiders have sold 29,500 shares of company stock valued at $1,500,055 in the last 90 days. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BTIG Research assumed coverage on shares of OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. TD Cowen boosted their price objective on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. BMO Capital Markets lifted their price objective on shares of OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their target price on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price target on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.83.

OneMain Price Performance

Shares of OMF opened at $49.59 on Tuesday. The business’s 50-day moving average is $49.30 and its 200-day moving average is $48.44. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $53.65. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.73 and a beta of 1.59.

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

OneMain Increases Dividend

The firm also recently announced 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. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.39%. OneMain’s dividend payout ratio is presently 81.09%.

About OneMain

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.