OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $694,500.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OneMain Price Performance

Shares of OneMain stock traded down $0.30 on Tuesday, reaching $47.07. The company had a trading volume of 586,574 shares, compared to its average volume of 966,340. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The firm’s 50-day moving average price is $48.63 and its two-hundred day moving average price is $48.65. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.74 and a beta of 1.58.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.60% and a net margin of 12.33%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, analysts anticipate that OneMain Holdings, Inc. will post 5.37 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.84%. The ex-dividend date was Monday, August 12th. OneMain’s payout ratio is 81.09%.

Institutional Trading of OneMain

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of OneMain by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. US Bancorp DE lifted its position in shares of OneMain by 1.8% in the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of OneMain by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 251 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMF has been the subject of several recent analyst reports. BTIG Research started coverage on shares of OneMain in a research report on Friday, June 7th. They set a “neutral” rating for the company. BMO Capital Markets lifted their price target on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Wells Fargo & Company increased their target price on shares of OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

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.