OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas H. Shulman sold 19,000 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the completion of the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OneMain Stock Performance
NYSE OMF opened at $51.65 on Thursday. The business's fifty day moving average is $49.36 and its 200 day moving average is $46.05. The company has a market capitalization of $6.19 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $53.65.
OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. During the same period in the previous year, the company posted $1.46 EPS. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current year.
OneMain Increases Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from OneMain's previous quarterly dividend of $1.00. OneMain's dividend payout ratio is presently 77.97%.
Institutional Trading of OneMain
Institutional investors have recently made changes to their positions in the business. Taylor Frigon Capital Management LLC bought a new stake in shares of OneMain during the fourth quarter valued at approximately $1,649,000. Invesco Ltd. lifted its stake in OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider's stock worth $22,657,000 after purchasing an additional 151,226 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of OneMain by 659.7% during the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider's stock valued at $5,180,000 after purchasing an additional 91,429 shares during the last quarter. Jump Financial LLC bought a new stake in shares of OneMain in the third quarter worth about $1,351,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of OneMain in the third quarter worth about $855,000. Hedge funds and other institutional investors own 85.82% of the company's stock.
Analyst Ratings Changes
OMF has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of OneMain from $48.00 to $53.00 and gave the company an "equal weight" rating in a research report on Thursday, May 2nd. Citigroup lowered their price objective on OneMain from $54.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on shares of OneMain from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of OneMain in a research report on Wednesday, January 10th. They issued a "buy" rating and a $68.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $54.62.
Check Out Our Latest Report on OneMain
About OneMain
(
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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.
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