OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) SVP Michael Hedlund sold 1,848 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $114,576.00. Following the sale, the senior vice president owned 13,127 shares in the company, valued at $813,874. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
OneMain Trading Down 1.7%
Shares of NYSE:OMF opened at $59.38 on Friday. The company has a 50 day moving average of $56.37 and a 200-day moving average of $58.89. The firm has a market cap of $6.86 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.45 and a beta of 1.22. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93.
OneMain (NYSE:OMF – Get Free Report) last posted its quarterly earnings data 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. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that OneMain Holdings, Inc. will post 7.35 EPS for the current year.
OneMain Dividend Announcement
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. BTIG Research reissued a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Royal Bank Of Canada reduced their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Truist Financial dropped their price target on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.
Check Out Our Latest Stock Report on OneMain
Hedge Funds Weigh In On OneMain
A number of institutional investors have recently bought and sold shares of OMF. CIBC Private Wealth Group LLC raised its holdings in OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Core Wealth Advisors LLC acquired a new position in shares of OneMain in the fourth quarter worth about $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of OneMain in the fourth quarter worth about $36,000. Transamerica Financial Advisors LLC increased its position in shares of OneMain by 88.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of OneMain by 83.2% in the fourth quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.
About OneMain
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.
See Also
- Five stocks we like better than OneMain
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.
