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

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

OneMain Trading Up 0.2 %

NYSE:OMF opened at $49.79 on Friday. The stock has a market cap of $5.96 billion, a P/E ratio of 10.89, a PEG ratio of 0.98 and a beta of 1.56. The stock has a 50 day simple moving average of $47.13 and a 200 day simple moving average of $48.33. OneMain Holdings, Inc. has a 1-year low of $36.52 and a 1-year high of $54.94.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a return on equity of 19.31% and a net margin of 11.27%. During the same period last year, the firm posted $1.01 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 8.36%. OneMain’s payout ratio is currently 91.03%.

Institutional Trading of OneMain

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in OneMain by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after acquiring an additional 373,900 shares during the period. Capital International Investors increased its stake in OneMain by 10.2% during the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after acquiring an additional 889,387 shares during the period. Dimensional Fund Advisors LP increased its stake in OneMain by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after acquiring an additional 270,207 shares during the period. Clearbridge Investments LLC increased its stake in OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after acquiring an additional 24,338 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in OneMain by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after acquiring an additional 12,938 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OMF. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Northland Securities increased their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.08.

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.