OneMain (NYSE:OMF) COO Sells $300,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMFGet Free Report) COO Micah Conrad sold 5,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. This trade represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Price Performance

Shares of OMF stock opened at $59.70 on Thursday. OneMain Holdings, Inc. has a 1 year low of $45.02 and a 1 year high of $71.93. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. The business has a fifty day moving average of $54.90 and a 200 day moving average of $59.91.

OneMain (NYSE:OMFGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business posted $1.16 earnings per share. As a group, equities research analysts expect that OneMain Holdings, Inc. will post 7.5 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is presently 63.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OMF shares. Stephens reduced their price objective on OneMain to $76.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. TD Cowen restated a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised their price objective on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.44.

Get Our Latest Stock Report on OneMain

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OMF. Vanguard Group Inc. increased its holdings in OneMain by 2.1% in the third quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock valued at $675,849,000 after buying an additional 249,785 shares in the last quarter. Capital International Investors raised its position in shares of OneMain by 0.8% in the third quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock worth $585,868,000 after acquiring an additional 82,202 shares during the period. Dimensional Fund Advisors LP raised its position in shares of OneMain by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,033,871 shares of the financial services provider’s stock worth $272,490,000 after acquiring an additional 53,840 shares during the period. Janus Henderson Group PLC raised its position in shares of OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock worth $171,210,000 after acquiring an additional 1,047,263 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of OneMain by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock worth $164,017,000 after acquiring an additional 15,941 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting OneMain

Here are the key news stories impacting OneMain this week:

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.

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

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