Michael A. Hedlund Sells 2,400 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares in the company, valued at approximately $1,047,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

OneMain Price Performance

Shares of NYSE:OMF opened at $49.09 on Friday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.56. The business’s 50-day moving average is $48.23 and its 200 day moving average is $48.78. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period last year, the firm posted $1.01 EPS. On average, analysts expect that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given 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 8.47%. OneMain’s dividend payout ratio is currently 81.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OMF. Sanctuary Advisors LLC purchased a new stake in OneMain in the second quarter valued at approximately $364,000. Clearbridge Investments LLC lifted its stake in OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after acquiring an additional 24,338 shares during the period. Cetera Investment Advisers boosted its holdings in shares of OneMain by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock valued at $1,395,000 after acquiring an additional 1,037 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of OneMain by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 454 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of OneMain by 13.5% in the second 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 during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OMF. JPMorgan Chase & Co. increased 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. Barclays dropped their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Northland Securities upped their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JMP Securities increased their target price on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. Finally, BTIG Research started coverage on OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.25.

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.