Michael A. Hedlund Sells 2,400 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

OneMain Price Performance

OMF opened at $50.15 on Friday. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.72 and a beta of 1.56. The business’s 50-day moving average price is $48.24 and its two-hundred day moving average price is $48.76. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter last year, the firm earned $1.01 EPS. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.30%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OMF. EdgeRock Capital LLC acquired a new stake in OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain in the 2nd quarter valued at about $34,000. Blue Trust Inc. grew its holdings in shares of OneMain by 43.4% in the 2nd 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 in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneMain in the fourth quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC raised its holdings in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OMF shares. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday. BTIG Research assumed coverage on shares of OneMain in a report on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Barclays reduced their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Northland Securities increased their price target on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.