OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund Sells 1,992 Shares

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

OneMain Stock Performance

OMF stock opened at $49.79 on Friday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.98 and a beta of 1.56. OneMain Holdings, Inc. has a 1 year low of $36.52 and a 1 year high of $54.94. The stock’s fifty day moving average is $47.13 and its two-hundred day moving average is $48.33.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a return on equity of 19.31% and a net margin of 11.27%. During the same period last year, the business posted $1.01 earnings per share. As a group, analysts predict that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Northland Securities increased 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 target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday. Compass Point raised their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JMP Securities raised their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday. 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 data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

Institutional Investors Weigh In On OneMain

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in shares of OneMain by 10.8% during the third quarter. Covestor Ltd now owns 3,188 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 311 shares during the period. Atria Investments Inc increased its holdings in shares of OneMain by 44.2% during the third quarter. Atria Investments Inc now owns 56,920 shares of the financial services provider’s stock valued at $2,679,000 after purchasing an additional 17,457 shares during the period. Assetmark Inc. increased its holdings in shares of OneMain by 13.3% during the third quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 1,016 shares during the period. Verdence Capital Advisors LLC increased its stake in OneMain by 14.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 40,153 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 5,120 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after purchasing an additional 87,084 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

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.