OneMain Holdings, Inc. (NYSE:OMF) COO Sells $120,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $48.00, for a total value of $120,000.00. Following the completion of the transaction, the chief operating officer now owns 112,025 shares of the company’s stock, valued at approximately $5,377,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

OneMain Trading Down 1.9 %

OneMain stock opened at $48.81 on Friday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.74 and a beta of 1.58. The stock has a fifty day simple moving average of $48.69 and a two-hundred day simple moving average of $48.75. OneMain Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $54.94.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same quarter last year, the company earned $1.01 EPS. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 5.37 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s payout ratio is currently 81.09%.

Analysts Set New Price Targets

OMF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note 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. BMO Capital Markets raised their target price on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Barclays lowered their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Cetera Investment Advisers boosted its position in OneMain by 3.7% in the second quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock worth $1,395,000 after purchasing an additional 1,037 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in OneMain by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 454 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares during the last quarter. Finally, Creative Planning boosted its position in OneMain by 21.7% in the second quarter. Creative Planning now owns 40,595 shares of the financial services provider’s stock worth $1,968,000 after purchasing an additional 7,236 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

About OneMain

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.