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

Larson Financial Group LLC reduced its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,719 shares of the financial services provider’s stock after selling 274 shares during the quarter. Larson Financial Group LLC’s holdings in OneMain were worth $2,102,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of OneMain by 8.3% during the 4th quarter. New York State Common Retirement Fund now owns 663,588 shares of the financial services provider’s stock valued at $32,649,000 after purchasing an additional 51,073 shares during the period. Handelsbanken Fonder AB increased its position in shares of OneMain by 8.6% during the 4th quarter. Handelsbanken Fonder AB now owns 18,881 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 1,500 shares during the period. Signaturefd LLC increased its position in shares of OneMain by 11.1% during the 4th quarter. Signaturefd LLC now owns 6,414 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 642 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of OneMain by 1.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 36,163 shares of the financial services provider’s stock worth $1,779,000 after acquiring an additional 455 shares during the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of OneMain in the 4th quarter worth $209,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

OMF traded up $1.13 during trading on Tuesday, reaching $50.29. 210,194 shares of the stock traded hands, compared to its average volume of 1,018,945. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65. OneMain Holdings, Inc. has a fifty-two week low of $33.67 and a fifty-two week high of $51.65. The stock’s 50-day simple moving average is $48.26 and its two-hundred day simple moving average is $45.00.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. During the same quarter last year, the firm earned $1.56 earnings per share. Research analysts anticipate that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.95%. OneMain’s dividend payout ratio is currently 75.19%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OMF. Deutsche Bank Aktiengesellschaft began coverage on OneMain in a report on Wednesday, January 10th. They issued a “buy” rating and a $68.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $57.00 target price on shares of OneMain in a report on Wednesday, April 17th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Citigroup decreased their target price on OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.54.

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.