Douglas H. Shulman Sells 5,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The sale was disclosed in a document filed with the SEC, which is available at this link.

OneMain Trading Down 2.1 %

OMF stock traded down $1.07 during trading on Friday, hitting $49.08. The company had a trading volume of 1,362,010 shares, compared to its average volume of 985,299. The business has a 50 day moving average of $48.24 and a 200 day moving average of $48.76. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same period in the prior year, the business posted $1.01 EPS. As a group, equities analysts predict that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.48%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Analysts Set New Price Targets

OMF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. JMP Securities boosted their price objective on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. BTIG Research initiated coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Barclays dropped their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of OMF. EdgeRock Capital LLC bought a new stake in shares of OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain in the second quarter valued at $34,000. Blue Trust Inc. lifted its position in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of OneMain during the 4th quarter worth $47,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares during the last quarter. 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.