Micah Conrad Sells 5,000 Shares of OneMain (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMFGet Free Report) COO Micah Conrad sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at approximately $5,967,500. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Price Performance

Shares of NYSE OMF traded down $1.41 during midday trading on Tuesday, reaching $60.95. The company’s stock had a trading volume of 1,176,958 shares, compared to its average volume of 1,391,792. The stock has a market capitalization of $7.04 billion, a P/E ratio of 9.07, a PEG ratio of 0.45 and a beta of 1.24. The firm has a 50 day moving average price of $56.32 and a 200-day moving average price of $59.06. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.OneMain’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.72 earnings per share. On average, equities analysts predict that OneMain Holdings, Inc. will post 7.35 EPS for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio is 62.50%.

Hedge Funds Weigh In On OneMain

Several hedge funds have recently bought and sold shares of OMF. Norges Bank purchased a new stake in OneMain in the 4th quarter worth approximately $100,312,000. Janus Henderson Group PLC grew its position in shares of OneMain by 70.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after purchasing an additional 1,047,263 shares in the last quarter. Certuity LLC increased its holdings in shares of OneMain by 107.6% in the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock worth $109,013,000 after purchasing an additional 1,000,654 shares during the period. Azora Capital LP increased its holdings in shares of OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after purchasing an additional 924,302 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of OneMain by 57.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock worth $110,958,000 after buying an additional 713,670 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada lowered their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Barclays reduced their target price on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. TD Cowen restated a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $68.30.

Check Out Our Latest Analysis on OMF

OneMain Company Profile

(Get Free Report)

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

Further Reading

Insider Buying and Selling by Quarter for OneMain (NYSE:OMF)

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