OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund Sells 2,400 Shares

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at $1,047,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

OneMain Stock Down 2.1 %

OMF 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. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.94. The firm’s 50-day moving average price is $48.24 and its 200 day moving average price is $48.76. The company has a market capitalization of $5.88 billion, a PE ratio of 9.78, a PEG ratio of 0.72 and a beta of 1.56.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same period in the previous year, the business earned $1.01 EPS. Sell-side analysts forecast that OneMain Holdings, Inc. will post 5.2 earnings per share for the current 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 paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.48%. OneMain’s dividend payout ratio is presently 81.09%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OMF. Norges Bank acquired a new position in shares of OneMain during the 4th quarter worth about $62,732,000. Brave Warrior Advisors LLC increased its stake in shares of OneMain by 21.1% during the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Capital International Investors grew its stake 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 valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC grew its stake in OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in 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 valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BTIG Research assumed coverage on shares of OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of OneMain in a research note on Tuesday. Barclays reduced their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Finally, JMP Securities lifted their price target on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

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.