OneMain Holdings, Inc. (NYSE:OMF) COO Sells $120,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $48.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now directly owns 112,025 shares in the company, valued at approximately $5,377,200. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

OneMain Stock Down 0.1 %

Shares of OMF traded down $0.06 during trading hours on Tuesday, reaching $48.82. 524,231 shares of the company traded hands, compared to its average volume of 955,286. OneMain Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $54.94. The company’s fifty day moving average price is $48.65 and its two-hundred day moving average price is $48.71. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.74 and a beta of 1.58.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.60%. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, analysts expect that OneMain Holdings, Inc. will post 5.37 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.52%. OneMain’s dividend payout ratio is currently 81.09%.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. International Assets Investment Management LLC boosted its position in shares of OneMain by 4,329.3% in the fourth quarter. International Assets Investment Management LLC now owns 34,194 shares of the financial services provider’s stock worth $1,682,000 after purchasing an additional 33,422 shares during the period. Federated Hermes Inc. boosted its position in shares of OneMain by 101.8% in the fourth quarter. Federated Hermes Inc. now owns 10,476 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 5,286 shares during the period. Xponance Inc. bought a new position in shares of OneMain in the fourth quarter worth approximately $201,000. Handelsbanken Fonder AB boosted its position in shares of OneMain by 8.6% during the fourth quarter. Handelsbanken Fonder AB now owns 18,881 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of OneMain by 9.1% during the fourth quarter. Russell Investments Group Ltd. now owns 47,008 shares of the financial services provider’s stock worth $2,314,000 after acquiring an additional 3,904 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMF. JPMorgan Chase & Co. upped their target price on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. JMP Securities raised their price objective on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their target price on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

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.