OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad Sells 2,500 Shares

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 2,500 shares of the firm’s 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 $130,000.00. Following the transaction, the chief operating officer now owns 102,239 shares in the company, valued at $5,316,428. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OneMain Trading Up 0.2 %

NYSE:OMF opened at $49.78 on Monday. The business’s 50-day moving average price is $47.15 and its two-hundred day moving average price is $48.35. OneMain Holdings, Inc. has a 1-year low of $36.52 and a 1-year high of $54.94. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54.

OneMain Announces Dividend

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

Hedge Funds Weigh In On OneMain

Institutional investors have recently bought and sold shares of the business. Clearbridge Investments LLC raised its stake in OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of OneMain in the second quarter valued at about $608,000. Swedbank AB bought a new position in OneMain during the first quarter worth about $817,000. Argent Capital Management LLC boosted its holdings in OneMain by 33.6% in the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted 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 valued at $110,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of research reports. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. JMP Securities boosted their price objective on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $55.08.

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.