OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad Sells 1,614 Shares

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the sale, the chief operating officer now directly owns 110,411 shares in the company, valued at $5,520,550. The transaction was disclosed in a filing with the SEC, which is available at this link.

OneMain Price Performance

Shares of OneMain stock opened at $48.00 on Thursday. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $54.94. The company has a market capitalization of $5.75 billion, a P/E ratio of 9.36, a PEG ratio of 0.77 and a beta of 1.58. The business’s fifty day moving average price is $48.69 and its two-hundred day moving average price is $48.83.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during 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 prior year, the company posted $1.01 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business 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. This represents a $4.16 annualized dividend and a dividend yield of 8.67%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new position in shares of OneMain during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in OneMain during the second quarter valued at about $34,000. Benjamin F. Edwards & Company Inc. acquired a new position in OneMain during the fourth quarter worth about $36,000. Blue Trust Inc. raised its position in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in OneMain in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Barclays lowered their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. BTIG Research initiated coverage on OneMain in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.83.

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.