OneMain (NYSE:OMF) COO Micah Conrad Sells 5,000 Shares

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the transaction, the chief operating officer directly owned 91,250 shares in the company, valued at $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

OneMain Trading Down 0.6%

NYSE:OMF opened at $65.16 on Friday. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The stock has a 50 day moving average of $59.23 and a two-hundred day moving average of $57.62. The firm has a market cap of $7.50 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 earnings per share. On average, research analysts forecast that OneMain Holdings, Inc. will post 7.12 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Monday, August 10th. OneMain’s payout ratio is presently 63.25%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OMF. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of OneMain during the 2nd quarter valued at about $73,000. Trivium Point Advisory LLC purchased a new stake in shares of OneMain in the second quarter valued at about $305,000. Global Retirement Partners LLC purchased a new position in OneMain during the second quarter worth about $197,000. Bank of New York Mellon Corp acquired a new position in OneMain in the 2nd quarter valued at about $63,980,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in OneMain in the 2nd quarter valued at about $1,045,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Citigroup restated a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Evercore set a $66.00 price objective on shares of OneMain in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Finally, Truist Financial raised their target price on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.40.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.