OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $265,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares in the company, valued at approximately $21,861,122. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

OneMain Trading Up 0.2 %

Shares of OMF opened at $49.79 on Friday. The company has a market capitalization of $5.96 billion, a PE ratio of 10.89, a PEG ratio of 0.98 and a beta of 1.56. OneMain Holdings, Inc. has a 12 month low of $36.52 and a 12 month high of $54.94. The stock’s 50-day moving average price is $47.13 and its two-hundred day moving average price is $48.33.

OneMain (NYSE:OMF) last announced its quarterly earnings data 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 the consensus estimate of $918.74 million. OneMain had a return on equity of 19.31% and a net margin of 11.27%. During the same period in the previous year, the business earned $1.01 EPS. Equities research analysts predict that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders 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 dividend yield of 8.36%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is 91.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares during the period. Capital International Investors lifted its stake in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares during the period. Clearbridge Investments LLC lifted its stake in shares of OneMain by 1.3% in 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 purchasing an additional 24,338 shares during the period. Finally, Bank of New York Mellon Corp increased its position in OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after buying an additional 12,938 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OMF. Deutsche Bank Aktiengesellschaft decreased their price target on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company raised their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JMP Securities raised their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.08.

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.