Micah R. Conrad Sells 2,500 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $48.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now owns 112,025 shares in the company, valued at $5,377,200. The sale was disclosed in a document filed with the SEC, which is available at this link.

OneMain Stock Down 0.1 %

Shares of NYSE:OMF opened at $48.82 on Wednesday. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The company has a 50-day moving average price of $48.66 and a 200 day moving average price of $48.74. The company has a market cap of $5.85 billion, a P/E ratio of 9.52, a PEG ratio of 0.74 and a beta of 1.58.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.60% and a net margin of 12.33%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. During the same period last year, the firm earned $1.01 EPS. Analysts expect that OneMain Holdings, Inc. will post 5.37 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.52%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 81.09%.

Institutional Investors Weigh In On OneMain

Institutional investors and hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares in the last quarter. Cetera Investment Advisers grew its stake in OneMain by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock valued at $1,395,000 after acquiring an additional 1,037 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in OneMain by 8.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 454 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 271 shares in the last quarter. Finally, Creative Planning raised its position in OneMain by 21.7% during the second quarter. Creative Planning now owns 40,595 shares of the financial services provider’s stock worth $1,968,000 after acquiring an additional 7,236 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OMF. Wells Fargo & Company upped their price objective on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. BTIG Research assumed coverage on OneMain in a report on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. TD Cowen upped their price target on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average price target of $54.83.

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.