OneMain Holdings, Inc. (NYSE:OMF) COO Sells $170,610.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah R. Conrad sold 3,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $56.87, for a total value of $170,610.00. Following the completion of the sale, the chief operating officer directly owned 105,007 shares in the company, valued at $5,971,748.09. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

OneMain Price Performance

NYSE OMF traded up $1.01 on Wednesday, hitting $59.23. 1,524,545 shares of the stock were exchanged, compared to its average volume of 1,054,452. The company's 50-day moving average price is $51.76 and its two-hundred day moving average price is $51.49. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $59.43. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.50 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. OneMain's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. Equities analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 7.02%. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Hedge Funds Weigh In On OneMain

A number of large investors have recently made changes to their positions in OMF. Alpine Bank Wealth Management purchased a new position in OneMain during the first quarter valued at approximately $27,000. SVB Wealth LLC purchased a new stake in OneMain in the 1st quarter worth approximately $34,000. IFP Advisors Inc boosted its stake in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of OneMain during the 1st quarter valued at $42,000. Finally, Headlands Technologies LLC purchased a new position in shares of OneMain during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on OMF shares. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Barclays set a $56.00 target price on shares of OneMain in a report on Friday, March 14th. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

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.

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