OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $2,081,450.00 in Stock

Key Points

• OneMain Holdings, Inc. CEO Douglas H. Shulman sold 35,000 shares at an average price of $59.47, totaling $2,081,450, which decreased his ownership stake by 11.29%.
• The company reported $1.45 EPS in its last quarterly earnings, surpassing the consensus estimate of $1.25 and showing a 7.1% revenue increase from the previous year.
• A quarterly dividend of $1.04 is set to be paid on August 13th, with a 7.2% dividend yield and a payout ratio of 75.09% for investors.

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

OneMain Stock Performance

Shares of OMF traded up $0.06 during midday trading on Thursday, hitting $57.73. The company had a trading volume of 1,307,130 shares, compared to its average volume of 1,170,131. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $60.33. The firm has a market capitalization of $6.86 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.45 and a beta of 1.32. The company's 50-day simple moving average is $55.65 and its 200-day simple moving average is $52.40.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.25 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%. OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th will be issued a $1.04 dividend. The ex-dividend date is Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 7.2%. OneMain's dividend payout ratio is presently 75.09%.

Analysts Set New Price Targets

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and a consensus target price of $60.78.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OMF. FMR LLC lifted its position in OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of OneMain during the second quarter worth about $611,102,000. Capital International Investors lifted its holdings in shares of OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after purchasing an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC boosted its position in shares of OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after purchasing an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in OneMain by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider's stock worth $182,610,000 after buying an additional 256,308 shares during the last quarter. 85.82% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.