Micah Conrad Sells 5,000 Shares of OneMain (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the firm’s 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 transaction, the chief operating officer directly owned 96,250 shares in the company, valued at $5,967,500. This trade represents a 4.94% decrease in their position. The sale 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 opened at $60.23 on Thursday. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.45 and a beta of 1.21. The company has a 50 day moving average of $56.36 and a 200-day moving average of $58.95. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $1.72 earnings per share. OneMain’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that OneMain Holdings, Inc. will post 7.35 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 7.0%. OneMain’s payout ratio is presently 62.50%.

Institutional Investors Weigh In On OneMain

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its stake 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 purchasing an additional 202 shares in the last quarter. Core Wealth Advisors LLC bought a new position in OneMain in the fourth quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new position in OneMain in the fourth quarter valued at approximately $36,000. Transamerica Financial Advisors LLC boosted its holdings 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 valued at $45,000 after buying an additional 314 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of OneMain in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on OMF. Royal Bank Of Canada reduced their price target on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company reduced their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Barclays lowered their price target on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Finally, Evercore set a $55.00 price objective on shares of OneMain in a research note on Tuesday, March 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.30.

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.