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

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief operating officer directly owned 96,250 shares in the company, valued at approximately $5,967,500. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Stock Down 2.3%

Shares of NYSE OMF opened at $60.95 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The firm has a fifty day simple moving average of $56.35 and a 200 day simple moving average of $59.02. The company has a market capitalization of $7.04 billion, a PE ratio of 9.07, a P/E/G ratio of 0.46 and a beta of 1.24.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that OneMain Holdings, Inc. will post 7.35 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 6.9%. OneMain’s dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OMF. Deutsche Bank Aktiengesellschaft lowered their target price on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada reduced their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Wells Fargo & Company dropped their target price on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, BTIG Research reissued a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $68.30.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in OMF. Capital International Investors boosted its stake in OneMain by 0.8% during the 3rd quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock valued at $585,868,000 after purchasing an additional 82,202 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneMain by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after buying an additional 308,370 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of OneMain by 7.7% during the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after buying an additional 195,591 shares during the last quarter. Geode Capital Management LLC grew its holdings in OneMain by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock worth $164,017,000 after buying an additional 15,941 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in OneMain by 17.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider’s stock worth $156,075,000 after buying an additional 345,269 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

About OneMain

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.