OneMain (NYSE:OMF) COO Micah Conrad Sells 5,000 Shares of Stock

Key Points

• OneMain COO Micah Conrad sold 5,000 shares at an average price of $65.40, generating $327,000. He retains 91,250 shares worth approximately $5.97 million.
• OneMain reported quarterly EPS of $1.31, beating estimates of $1.26, while revenue reached $1.62 billion, up 6.7% year over year. The company also declared a $1.05 quarterly dividend, representing a 6.4% yield.
• Analysts maintain a generally positive outlook, with eight Buy ratings, three Holds and one Sell; the consensus rating is Moderate Buy with a $68.40 price target.

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah Conrad sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer directly owned 91,250 shares in the company, valued at approximately $5,967,750. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OneMain Price Performance

OMF stock traded down $0.39 during trading on Thursday, hitting $65.16. 1,190,925 shares of the company traded hands, compared to its average volume of 1,334,938. The stock's 50-day simple moving average is $59.01 and its 200 day simple moving average is $57.62. The company has a market cap of $7.50 billion, a PE ratio of 9.81, a P/E/G ratio of 0.50 and a beta of 1.21. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. Research analysts expect that OneMain Holdings, Inc. will post 7.12 earnings per share for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a yield of 6.4%. OneMain's dividend payout ratio is 63.25%.

Institutional Trading of OneMain

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its stake in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock valued at $25,000 after buying an additional 202 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of OneMain in the fourth quarter valued at approximately $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of OneMain in the fourth quarter worth approximately $36,000. Transamerica Financial Advisors LLC boosted its stake in shares of OneMain by 88.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider's stock worth $45,000 after acquiring an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of OneMain during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of OneMain in a report on Friday, July 10th. Weiss Ratings restated a "buy (b-)" rating on shares of OneMain in a research report on Tuesday, July 7th. Evercore set a $66.00 price target on OneMain in a research note on Monday, July 6th. Royal Bank Of Canada upped their price target on OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on OneMain from $63.00 to $55.00 and set an "underweight" rating on the stock in a research report on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.40.

OneMain Company Profile

OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source