Douglas H. Shulman Sells 5,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the chief executive officer now directly owns 412,474 shares in the company, valued at $21,861,122. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OneMain Stock Performance

Shares of NYSE OMF traded up $0.12 during midday trading on Friday, reaching $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 fifty-two week low of $36.52 and a fifty-two week high of $54.94. The business’s 50 day moving average price is $47.13 and its two-hundred day moving average price is $48.33. The company has a market cap of $5.96 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.98 and a beta of 1.56.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period in the previous year, the business earned $1.01 earnings per share. Sell-side analysts forecast that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.36%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Wall Street Analyst Weigh In

OMF has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in OneMain during the 2nd quarter worth about $34,000. Blue Trust Inc. grew its stake 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 buying an additional 225 shares during the period. Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after buying an additional 304 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares during the period. 85.82% of the stock is currently owned by institutional investors.

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.