Key Points
- CEO Douglas Shulman sold 57,500 shares on Jan. 2 at an average price of $68.41 for about $3.93M, cutting his holding by 24.83% to 174,100 shares (disclosed in an SEC Form 4).
- OneMain increased its quarterly dividend to $1.05 (annualized $4.20), implying a ~6.1% yield with a dividend payout ratio of 71.19%.
OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas Shulman sold 57,500 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the transaction, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. The trade was a 24.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
OneMain Trading Up 2.2%
NYSE OMF opened at $69.01 on Friday. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.37 and a beta of 1.38. The company has a 50 day moving average of $63.30 and a 200-day moving average of $59.76. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $70.17.
OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.
OneMain Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were given a $1.05 dividend. The ex-dividend date was Monday, November 10th. This is an increase from OneMain's previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.1%. OneMain's dividend payout ratio (DPR) is 71.19%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of OMF. Vanguard Group Inc. raised its position in shares of OneMain by 2.1% during the third quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider's stock worth $675,849,000 after acquiring an additional 249,785 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in OneMain during the second quarter valued at $611,102,000. Capital International Investors lifted its stake in shares of OneMain by 0.8% in the 3rd quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider's stock valued at $585,868,000 after purchasing an additional 82,202 shares during the period. Brave Warrior Advisors LLC boosted its position in shares of OneMain by 7.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 7,870,085 shares of the financial services provider's stock valued at $448,595,000 after purchasing an additional 526,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of OneMain by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider's stock valued at $224,723,000 after purchasing an additional 63,774 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on OMF shares. JPMorgan Chase & Co. upped their price target on shares of OneMain from $57.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, November 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of OneMain in a report on Monday. Truist Financial initiated coverage on shares of OneMain in a research report on Monday, December 8th. They set a "buy" rating and a $75.00 price objective for the company. Royal Bank Of Canada raised their target price on shares of OneMain from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, November 3rd. Finally, Citizens Jmp decreased their target price on shares of OneMain from $70.00 to $68.00 and set a "market outperform" rating on the stock in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, OneMain has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
Get Our Latest Analysis on OneMain
OneMain Company Profile
(
Get Free Report)
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.
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