Range Financial Group LLC Cuts Position in OneMain Holdings, Inc. (NYSE:OMF)

Range Financial Group LLC cut its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,084 shares of the financial services provider's stock after selling 5,350 shares during the period. Range Financial Group LLC's holdings in OneMain were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of OMF. IFP Advisors Inc increased its position in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of OneMain in the 4th quarter valued at approximately $57,000. SRS Capital Advisors Inc. increased its position in shares of OneMain by 177.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 889 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of OneMain in the 4th quarter valued at approximately $82,000. Finally, Blue Trust Inc. increased its position in shares of OneMain by 36.9% in the 4th quarter. Blue Trust Inc. now owns 1,669 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 450 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Down 0.8%

NYSE:OMF traded down $0.41 during trading hours on Thursday, reaching $53.12. 704,230 shares of the company's stock were exchanged, compared to its average volume of 1,046,850. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.44 and a beta of 1.31. The company has a 50-day moving average of $48.67 and a 200 day moving average of $51.72. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the business earned $1.45 EPS. The business's revenue was up 7.1% on a year-over-year basis. Research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.83%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Analyst Ratings Changes

A number of brokerages have commented on OMF. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Evercore ISI began coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 40,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated 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 owns 108,007 shares of the company's stock, valued at $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock worth $3,448,300. Company insiders own 0.40% of the company's stock.

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.