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

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This represents a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OneMain Stock Up 3.7 %

OneMain stock opened at $49.36 on Friday. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The company’s 50 day moving average price is $47.50 and its two-hundred day moving average price is $51.73. The stock 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.

OneMain (NYSE:OMF) last issued its quarterly earnings results 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 business had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. OneMain’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.43%. OneMain’s payout ratio is currently 98.11%.

Institutional Trading of OneMain

A number of large investors have recently added to or reduced their stakes in OMF. Barclays PLC increased its stake in shares of OneMain by 22.0% during the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock worth $4,747,000 after purchasing an additional 18,190 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in OneMain during the third quarter valued at $184,000. B. Riley Wealth Advisors Inc. increased its position in OneMain by 12.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider’s stock worth $306,000 after buying an additional 733 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after buying an additional 87,084 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of OneMain during the 4th quarter valued at $1,847,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

OMF has been the topic of a number of analyst reports. 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. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.40.

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.