Short Interest in OneMain Holdings, Inc. (NYSE:OMF) Increases By 22.7%

OneMain Holdings, Inc. (NYSE:OMF) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 5,900,000 shares, an increase of 22.7% from the October 31st total of 4,810,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 5.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stephens began coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, JMP Securities increased their price target on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain Stock Performance

OneMain stock traded down $0.24 on Monday, reaching $57.11. The company’s stock had a trading volume of 979,869 shares, compared to its average volume of 1,008,677. The business’s fifty day moving average price is $50.42 and its 200 day moving average price is $49.04. OneMain has a twelve month low of $41.70 and a twelve month high of $57.97. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.71 and a beta of 1.54.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 886 shares of the 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 transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,178 shares of company stock valued at $2,107,084 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Continuum Advisory LLC bought a new stake in OneMain during the 3rd quarter worth about $28,000. EdgeRock Capital LLC acquired a new position in shares of OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain in the 2nd quarter valued at $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Company Profile

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.