Micah R. Conrad Sells 886 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at $5,236,950. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

OneMain Price Performance

Shares of NYSE OMF opened at $49.09 on Monday. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The stock has a market cap of $5.88 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. The firm has a 50-day moving average of $48.23 and a 200 day moving average of $48.78.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the previous year, the company earned $1.01 earnings per share. Research analysts expect that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.47%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in OneMain in the second quarter worth about $364,000. Clearbridge Investments LLC grew its stake in shares of OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after acquiring an additional 24,338 shares during the period. Cetera Investment Advisers grew its stake in shares of OneMain by 3.7% in the second quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock worth $1,395,000 after acquiring an additional 1,037 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of OneMain by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 454 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMF has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Northland Securities raised their target price 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. BTIG Research initiated coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Barclays dropped their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.