OneMain Holdings, Inc. (NYSE:OMF) COO Sells $261,050.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the sale, the chief operating officer now directly owns 108,007 shares of the company's stock, valued at $5,639,045.47. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OneMain Trading Down 0.7%

Shares of OMF traded down $0.37 during mid-day trading on Tuesday, hitting $51.17. The company's stock had a trading volume of 21,160 shares, compared to its average volume of 1,046,760. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.44 and a beta of 1.28. The company's 50-day moving average is $47.96 and its 200-day moving average is $51.80. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. OneMain's dividend payout ratio (DPR) is currently 87.95%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OMF. Wells Fargo & Company reduced their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.40.

Institutional Trading of OneMain

A number of institutional investors have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in OneMain in the 1st quarter worth approximately $27,000. SVB Wealth LLC purchased a new stake in shares of OneMain in the first quarter worth about $34,000. IFP Advisors Inc raised its position in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in OneMain in the first quarter valued at approximately $42,000. Finally, R Squared Ltd acquired a new stake in shares of OneMain during the 4th quarter worth approximately $44,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.