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 business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

OneMain Price Performance

OneMain stock traded up $0.12 during mid-day trading on Friday, hitting $49.79. The company’s stock had a trading volume of 1,037,090 shares, compared to its average volume of 1,002,717. OneMain Holdings, Inc. has a 52-week low of $36.52 and a 52-week high of $54.94. The firm’s 50 day moving average is $47.13 and its 200 day moving average is $48.33. The company has a market cap of $5.96 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.98 and a beta of 1.56.

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

OneMain Announces Dividend

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 given a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. OneMain’s payout ratio is 91.03%.

Analysts Set New Price Targets

OMF has been the topic of a number of research analyst reports. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. JPMorgan Chase & Co. cut their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. JMP Securities lifted 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.08.

Hedge Funds Weigh In On OneMain

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in OneMain by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the last quarter. US Bancorp DE increased its holdings in OneMain by 1.8% in the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after buying an additional 245 shares during the last quarter. UMB Bank n.a. raised its position in OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 247 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.