OneMain Holdings, Inc. (NYSE:OMF) SVP Sells $110,400.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OneMain Trading Down 0.6 %

NYSE OMF traded down $0.27 on Wednesday, hitting $48.26. 1,450,731 shares of the company’s stock were exchanged, compared to its average volume of 981,143. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The stock has a 50-day moving average of $48.21 and a 200-day moving average of $48.75. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.72 and a beta of 1.56.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same period last year, the firm posted $1.01 earnings per share. As a group, analysts predict that OneMain Holdings, Inc. will post 5.2 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio is 81.09%.

Institutional Trading of OneMain

Hedge funds have recently added to or reduced their stakes in the stock. 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 shares of OneMain during the second quarter valued at about $34,000. Blue Trust Inc. grew its holdings in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of OneMain in the fourth quarter valued at approximately $47,000. Finally, Abich Financial Wealth Management LLC raised its holdings in 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 last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OMF. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price target on shares of OneMain in a research note on Tuesday. JMP Securities boosted their target price on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. Northland Securities raised their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Barclays cut their price objective 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, Deutsche Bank Aktiengesellschaft lowered 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. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.25.

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.