Douglas H. Shulman Sells 19,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OneMain Price Performance

NYSE OMF opened at $51.25 on Friday. The business has a 50 day moving average price of $49.44 and a 200 day moving average price of $46.08. The company has a market capitalization of $6.14 billion, a P/E ratio of 9.99, a PEG ratio of 0.71 and a beta of 1.63. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the previous year, the company posted $1.46 EPS. On average, research analysts expect that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.12%. The ex-dividend date is Thursday, May 9th. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio is 81.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OMF shares. Piper Sandler lowered OneMain from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $49.00 in a report on Thursday, February 8th. Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $46.00 to $49.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, TD Cowen lifted their price objective on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $54.62.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OMF. Vanguard Group Inc. lifted its stake in OneMain by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,943,855 shares of the financial services provider’s stock valued at $587,638,000 after buying an additional 125,032 shares in the last quarter. Brave Warrior Advisors LLC lifted its position in shares of OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after acquiring an additional 1,118,166 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock valued at $143,727,000 after acquiring an additional 78,106 shares during the last quarter. Brandes Investment Partners LP increased its position in OneMain by 10.2% during the 4th quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock worth $94,291,000 after purchasing an additional 177,993 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in OneMain by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock valued at $67,238,000 after purchasing an additional 367,823 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.