35,434 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Range Financial Group LLC

Range Financial Group LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,434 shares of the financial services provider’s stock, valued at approximately $1,847,000.

A number of other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after acquiring an additional 87,084 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of OneMain by 12.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 733 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of OneMain in the third quarter worth $184,000. Sanctuary Advisors LLC grew its stake in shares of OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 10,253 shares during the last quarter. Finally, TCW Group Inc. grew its stake in shares of OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 10,744 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.08.

OneMain Stock Performance

Shares of NYSE OMF traded up $0.22 during trading on Tuesday, hitting $53.41. The company had a trading volume of 1,241,605 shares, compared to its average volume of 852,901. The stock has a 50 day simple moving average of $54.14 and a 200 day simple moving average of $50.03. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $57.97. The firm has a market capitalization of $6.37 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.79%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the transaction, the chief operating officer now owns 102,239 shares of the company’s stock, valued at $5,316,428. This represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is owned by corporate insiders.

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.