OneMain Holdings, Inc. (NYSE:OMF) COO Sells $232,080.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah R. Conrad sold 4,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total value of $232,080.00. Following the sale, the chief operating officer directly owned 101,007 shares in the company, valued at $5,860,426.14. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OneMain Stock Performance

Shares of NYSE OMF traded up $1.01 during trading on Wednesday, hitting $59.23. The company had a trading volume of 1,524,545 shares, compared to its average volume of 1,054,452. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $59.43. The firm has a market capitalization of $7.05 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32. The stock has a 50 day simple moving average of $51.76 and a 200 day simple moving average of $51.49.

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

OneMain Announces Dividend

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

Analyst Ratings Changes

OMF has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. Three investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $58.40.

Institutional Investors Weigh In On OneMain

Institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division lifted its position in shares of OneMain by 2.7% in the second quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 210 shares in the last quarter. Voya Investment Management LLC lifted its holdings in OneMain by 24.3% in the 1st quarter. Voya Investment Management LLC now owns 111,702 shares of the financial services provider's stock worth $5,460,000 after purchasing an additional 21,830 shares in the last quarter. Strs Ohio bought a new position in OneMain in the 1st quarter worth approximately $1,616,000. Focus Partners Wealth boosted its stake in OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider's stock worth $427,000 after purchasing an additional 4,407 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in OneMain by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider's stock valued at $21,634,000 after buying an additional 9,067 shares in the last quarter. Hedge funds and other institutional investors 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.

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