OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad Sells 3,000 Shares

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah R. Conrad sold 3,000 shares of OneMain stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares in the company, valued at $5,880,420. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

OneMain Trading Down 1.5%

OMF traded down $0.92 on Friday, hitting $58.89. 697,950 shares of the company's stock were exchanged, compared to its average volume of 1,064,928. The firm has a market cap of $7.01 billion, a PE ratio of 12.45, a P/E/G ratio of 0.51 and a beta of 1.32. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $60.12. The stock has a fifty day moving average of $53.53 and a two-hundred day moving average of $51.86.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results 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. The company had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio is presently 87.95%.

Wall Street Analysts Forecast Growth

OMF has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Barclays boosted their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Wednesday, April 30th. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Three 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently modified their holdings of OMF. Orion Portfolio Solutions LLC increased its holdings in shares of OneMain by 66.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after purchasing an additional 7,060 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 569 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of OneMain by 56.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider's stock valued at $5,966,000 after purchasing an additional 43,915 shares during the period. GAMMA Investing LLC boosted its position in shares of OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 662 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in OneMain by 5.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 1,441 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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.