OneMain Holdings, Inc. (NYSE:OMF) COO Sells $44,300.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

OneMain Stock Down 2.1 %

OMF traded down $1.07 during midday trading on Friday, reaching $49.08. The company had a trading volume of 1,362,010 shares, compared to its average volume of 985,299. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The company has a market cap of $5.88 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.72 and a beta of 1.56. The business has a 50-day moving average of $48.24 and a two-hundred day moving average of $48.76.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, equities research analysts predict that OneMain Holdings, Inc. will post 5.2 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 paid a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. OneMain’s payout ratio is presently 81.09%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OMF. Barclays decreased their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. BTIG Research initiated coverage on shares of OneMain in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Northland Securities lifted their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. 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. lifted their price objective on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Hedge Funds Weigh In On OneMain

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in OneMain during the 4th quarter valued at approximately $62,732,000. Brave Warrior Advisors LLC raised its position in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after buying an additional 1,118,166 shares during the last quarter. Capital International Investors lifted its holdings in shares of OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after acquiring an additional 743,034 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of OneMain by 7,566.2% during the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after acquiring an additional 708,804 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.