Micah R. Conrad Sells 4,000 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 4,000 shares of OneMain stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total value of $232,080.00. Following the transaction, the chief operating officer directly owned 101,007 shares of the company’s stock, valued at approximately $5,860,426.14. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

OneMain Stock Up 0.4%

OneMain stock opened at $59.50 on Friday. The business’s 50-day simple moving average is $52.23 and its 200 day simple moving average is $51.57. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.51 and a beta of 1.32. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $60.08.

OneMain (NYSE:OMF) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 11.06% and a return on equity of 19.30%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 6.99%. OneMain’s payout ratio is presently 87.95%.

Analysts Set New Price Targets

OMF has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of OneMain from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Evercore ISI initiated coverage on OneMain in a report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Wednesday, April 30th. Three investment 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 company’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $58.40.

Institutional Trading of OneMain

Institutional investors and hedge funds have recently made changes to their positions in the business. Alpine Bank Wealth Management acquired a new stake in shares of OneMain in the 1st quarter valued at approximately $27,000. SVB Wealth LLC acquired a new stake in OneMain in the first quarter worth $34,000. IFP Advisors Inc boosted its position in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of OneMain in the 1st quarter valued at $42,000. Finally, Headlands Technologies LLC bought a new stake in shares of OneMain in the 1st quarter valued at $46,000. Institutional investors own 85.82% of the company’s stock.

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.