OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund Sells 2,400 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the transaction, the senior vice president now owns 20,947 shares in the company, valued at approximately $1,047,350. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OneMain Trading Down 2.1 %

Shares of OMF stock opened at $49.08 on Friday. The firm has a fifty day simple moving average of $48.23 and a 200-day simple moving average of $48.77. The company has a market capitalization of $5.88 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $54.94.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion for 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 in the previous year, the business posted $1.01 EPS. Equities research analysts predict that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMF. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of OneMain in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. JMP Securities lifted their price target 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. Finally, BTIG Research assumed coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Hedge Funds Weigh In On OneMain

Institutional investors have recently made changes to their positions in the business. EdgeRock Capital LLC acquired a new stake in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain in the 2nd quarter worth approximately $34,000. Blue Trust Inc. increased its holdings in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneMain during the 4th quarter valued at approximately $47,000. Finally, Abich Financial Wealth Management LLC lifted its stake in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares during the last quarter. 85.82% of the stock is 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.