Douglas H. Shulman Sells 35,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) 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 firm's stock in a transaction dated 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 represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OneMain Price Performance

Shares of NYSE:OMF traded down $0.05 during midday trading on Monday, reaching $55.40. The company's stock had a trading volume of 228,436 shares, compared to its average volume of 1,122,112. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $60.33. The company has a market capitalization of $6.59 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.44 and a beta of 1.29. The business's fifty day simple moving average is $55.78 and its 200-day simple moving average is $52.39.

OneMain (NYSE:OMF - Get Free Report) last released 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 analysts' expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 EPS. On average, analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 4th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 4th. OneMain's dividend payout ratio is currently 75.09%.

Hedge Funds Weigh In On OneMain

Institutional investors and hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in OneMain in the second quarter valued at approximately $611,102,000. Wellington Management Group LLP grew its stake in OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock valued at $117,280,000 after purchasing an additional 1,796,054 shares during the period. Norges Bank purchased a new position in shares of OneMain during the 4th quarter valued at $72,936,000. FMR LLC lifted its holdings in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in OneMain during the 1st quarter worth about $48,282,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Analyst Ratings Changes

OMF has been the topic of several research analyst reports. JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Barclays raised their price target on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.50.

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.