Douglas H. Shulman Sells 40,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 368,925 shares of the company’s stock, valued at $18,446,250. The trade was a 9.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

OneMain Trading Up 3.7 %

OMF stock opened at $49.36 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.44 and a beta of 1.35. The business’s 50 day moving average is $47.50 and its 200-day moving average is $51.73. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.43%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of OneMain from $57.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Evercore ISI initiated coverage on OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price target on the stock. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $58.40.

Institutional Investors Weigh In On OneMain

Several institutional investors have recently added to or reduced their stakes in OMF. FNY Investment Advisers LLC bought a new position in OneMain in the fourth quarter valued at approximately $26,000. Albion Financial Group UT acquired a new position in OneMain in the 4th quarter valued at about $26,000. Legend Financial Advisors Inc. bought a new position in shares of OneMain during the fourth quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of OneMain during the first quarter worth $27,000. Finally, IFP Advisors Inc boosted its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the period. 85.82% of the stock is owned by institutional investors.

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.