Advisor Resource Council Takes $613,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Advisor Resource Council bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,533 shares of the financial services provider's stock, valued at approximately $613,000.

Other large investors have also modified their holdings of the company. Riverwater Partners LLC boosted its holdings in OneMain by 17.4% during the 1st quarter. Riverwater Partners LLC now owns 5,145 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 763 shares during the period. Robertson Stephens Wealth Management LLC boosted its stake in shares of OneMain by 23.3% during the first quarter. Robertson Stephens Wealth Management LLC now owns 39,545 shares of the financial services provider's stock valued at $1,933,000 after purchasing an additional 7,464 shares during the period. QRG Capital Management Inc. boosted its stake in shares of OneMain by 6.6% during the first quarter. QRG Capital Management Inc. now owns 69,807 shares of the financial services provider's stock valued at $3,412,000 after purchasing an additional 4,330 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in shares of OneMain during the first quarter valued at $6,462,000. Finally, Asio Capital LLC boosted its stake in shares of OneMain by 1.4% during the first quarter. Asio Capital LLC now owns 82,786 shares of the financial services provider's stock valued at $4,047,000 after purchasing an additional 1,157 shares during the period. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Up 0.9%

Shares of OneMain stock traded up $0.47 during midday trading on Friday, hitting $54.15. The company had a trading volume of 1,241,367 shares, compared to its average volume of 1,053,730. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.46 and a beta of 1.32. The company has a fifty day simple moving average of $50.13 and a 200 day simple moving average of $51.44. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The company had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $1.45 EPS. The firm's quarterly revenue was up 7.1% on a year-over-year basis. As a group, analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.68%. OneMain's payout ratio is currently 87.95%.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the completion of the transaction, the chief operating officer now directly owns 108,007 shares of the company's stock, valued at $5,639,045.47. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 368,925 shares of the company's stock, valued at approximately $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,000 shares of company stock worth $4,499,500. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on OMF. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Wells Fargo & Company lowered their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Evercore ISI initiated coverage on OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. JPMorgan Chase & Co. lowered their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $58.40.

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.