OneMain Holdings, Inc. (NYSE:OMF) SVP Sells $120,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at $1,047,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OneMain Stock Down 2.1 %

OMF traded down $1.07 during midday trading on Friday, reaching $49.08. 1,362,010 shares of the company’s stock were exchanged, compared to its average volume of 985,299. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.94. The business has a 50-day simple moving average of $48.24 and a two-hundred day simple moving average of $48.76.

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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter last year, the business posted $1.01 earnings per share. As a group, research analysts anticipate 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. Stockholders of record on Monday, August 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s payout ratio is 81.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OMF shares. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of OneMain in a report on Tuesday. JMP Securities upped their price target on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a report on Tuesday, July 16th. BTIG Research started coverage on shares of OneMain in a report on Friday, June 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Barclays decreased their price target on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.25.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of OMF. EdgeRock Capital LLC acquired a new stake in shares of OneMain in the second quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. increased 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 purchasing 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 approximately $47,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.