OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman Sells 5,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at $20,873,700. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

OneMain Trading Down 2.1 %

NYSE OMF opened at $49.08 on Friday. The stock has a market cap of $5.88 billion, a PE ratio of 9.57, a P/E/G 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. The stock has a fifty day simple moving average of $48.23 and a 200-day simple moving average of $48.77.

OneMain (NYSE:OMF) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $918.74 million. During the same period in the prior year, the business posted $1.01 EPS. Research analysts predict that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OMF. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. JMP Securities raised their target price on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. BTIG Research began coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Barclays cut their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Hedge Funds Weigh In On OneMain

Hedge funds and other institutional investors have recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in OneMain during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new stake in OneMain in the 2nd quarter valued at about $34,000. Blue Trust Inc. raised its position in 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 purchasing an additional 225 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in OneMain in the 4th quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC raised its position 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 purchasing an additional 304 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.