OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $250,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

OneMain Trading Down 2.1 %

Shares of OMF opened at $49.09 on Monday. The stock has a 50 day simple moving average of $48.23 and a 200-day simple moving average of $48.78. The stock has a market cap of $5.88 billion, a PE ratio of 9.57, a PEG ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94.

OneMain (NYSE:OMF) last issued its quarterly earnings data 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. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. During the same period last year, the business earned $1.01 earnings per share. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.2 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.47%. OneMain’s dividend payout ratio is 81.09%.

Analyst Upgrades and Downgrades

Several research analysts have commented on OMF shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Tuesday, September 17th. JMP Securities upped their target price on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Barclays reduced their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, BTIG Research assumed coverage on OneMain in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in OneMain during the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter valued at $34,000. Blue Trust Inc. raised its holdings in shares of OneMain by 43.4% in the second 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. Edmond DE Rothschild Holding S.A. acquired a new position in OneMain during the 4th quarter worth about $47,000. Finally, Abich Financial Wealth Management LLC grew its holdings in OneMain by 46.1% during the 1st 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 during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.