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 company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief executive officer now directly owns 417,474 shares in the company, valued at approximately $20,873,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OneMain Stock Performance

Shares of OMF opened at $49.09 on Monday. The stock has a 50 day simple moving average of $48.23 and a 200 day simple moving average of $48.78. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $54.94. The firm has a market capitalization of $5.88 billion, a PE ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.56.

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

OneMain Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.47%. OneMain’s dividend payout ratio is currently 81.09%.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently bought and sold shares of OMF. EdgeRock Capital LLC bought a new position in shares of OneMain during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain during the 2nd quarter worth about $34,000. Blue Trust Inc. boosted its stake 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 worth $38,000 after buying an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of OneMain in the 4th quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC increased its position in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OMF shares. Barclays cut their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JMP Securities upped their target price 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. Deutsche Bank Aktiengesellschaft reduced their price target on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, BTIG Research assumed coverage on OneMain in a report on Friday, June 7th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.25.

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.