OneMain Holdings, Inc. (NYSE:OMF – Get 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:OMF – Get 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
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
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.
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