OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad Sells 2,500 Shares

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the sale, the chief operating officer now owns 102,239 shares in the company, valued at $5,316,428. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OneMain Stock Performance

OMF stock opened at $49.79 on Friday. OneMain Holdings, Inc. has a 52 week low of $36.52 and a 52 week high of $54.94. The firm’s fifty day moving average is $47.13 and its 200 day moving average is $48.33. The firm has a market cap of $5.96 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.98 and a beta of 1.56.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 11.27% and a return on equity of 19.31%. During the same quarter last year, the firm earned $1.01 EPS. As a group, analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Institutional Investors Weigh In On OneMain

A number of large investors have recently added to or reduced their stakes in OMF. Capital International Investors grew its holdings in OneMain by 10.2% in 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 last quarter. Clearbridge Investments LLC lifted its position in shares of OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares during the period. Principal Financial Group Inc. lifted its position in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after purchasing an additional 708,804 shares during the period. Vanguard Group Inc. lifted its position in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after purchasing an additional 373,900 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of OneMain in the 3rd quarter worth about $17,016,000. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

OMF has been the topic of several recent analyst reports. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.08.

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.