OneMain (NYSE:OMF) Trading Down 3.9%

OneMain Holdings, Inc. (NYSE:OMF) was down 3.9% during trading on Tuesday . The stock traded as low as $46.39 and last traded at $46.43. Approximately 227,601 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 979,257 shares. The stock had previously closed at $48.33.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of OneMain in a research note on Tuesday, September 17th. JPMorgan Chase & Co. upped their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Barclays lowered their target price 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. Finally, BTIG Research initiated coverage on shares of OneMain in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Five equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

OneMain Price Performance

The firm has a fifty day moving average of $48.17 and a 200 day moving average of $48.78. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.72 and a beta of 1.56.

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 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the prior year, the company earned $1.01 earnings per share. Research analysts anticipate that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.91%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently bought and sold shares of OMF. Norges Bank bought a new stake in shares of OneMain during the 4th quarter worth about $62,732,000. Brave Warrior Advisors LLC lifted its stake in shares of OneMain by 21.1% in the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Capital International Investors lifted its stake in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after purchasing an additional 743,034 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.