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

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

A number of other institutional investors and hedge funds have also bought and sold shares of OMF. Continuum Advisory LLC bought a new position in shares of OneMain in the 3rd quarter worth $28,000. Blue Trust Inc. raised its position in shares of OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. UMB Bank n.a. raised its position in shares of OneMain by 13.9% in the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 247 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,492 shares of company stock valued at $1,582,384. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OMF has been the subject of several recent research reports. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JMP Securities boosted their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of OneMain in a research note on Wednesday, October 16th. Finally, Stephens began coverage on OneMain in a research note on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.08.

OneMain Stock Up 0.4 %

Shares of OMF stock traded up $0.22 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 firm has a market cap 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 Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The company has a 50-day moving average price of $54.14 and a 200-day moving average price of $50.03.

OneMain Announces Dividend

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

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.