OneMain (NYSE:OMF) Stock Passes Below Fifty Day Moving Average – What’s Next?

Shares of OneMain Holdings, Inc. (NYSE:OMF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $53.81 and traded as low as $51.76. OneMain shares last traded at $52.13, with a volume of 498,327 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OMF shares. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Stephens started coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. JMP Securities increased their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Compass Point raised their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $56.08.

OneMain Trading Up 2.0 %

The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. The firm has a 50-day simple moving average of $53.91 and a two-hundred day simple moving average of $49.94.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares in the company, valued at $21,861,122. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at approximately $5,316,428. This represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,492 shares of company stock valued at $1,582,384 over the last quarter. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

A number of hedge funds have recently bought and sold shares of OMF. Continuum Advisory LLC bought a new stake in shares of OneMain in the third quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in shares of OneMain in the 2nd quarter worth approximately $34,000. Blue Trust Inc. grew its holdings in shares of OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 476 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 264 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares in the last quarter. 85.82% of the stock is owned by 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.