Key Points
- COO Micah Conrad sold 5,000 shares for $290,000 on Feb. 26, cutting his stake by 4.49% to 106,250 shares (about $6.16M after the sale).
- The company paid a quarterly dividend of $1.05 on Feb. 23, equal to a $4.20 annualized payout and a 7.6% yield with a dividend payout ratio of ~63.9%.
- OneMain beat recent quarterly estimates with $1.59 EPS (vs. $1.55 consensus) and $1.61B revenue, but the stock traded lower (around $54.97); analysts' consensus is a Moderate Buy with an average target of $72.11.
OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah Conrad sold 5,000 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer directly owned 106,250 shares in the company, valued at approximately $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
OneMain Trading Down 4.9%
Shares of OneMain stock opened at $54.97 on Friday. The business has a fifty day simple moving average of $63.92 and a two-hundred day simple moving average of $61.31. The firm has a market capitalization of $6.44 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.34 and a beta of 1.33. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $71.93.
OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a net margin of 14.35% and a return on equity of 23.76%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.
OneMain Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 7.6%. OneMain's dividend payout ratio (DPR) is 63.93%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Evercore set a $75.00 price target on OneMain in a research note on Tuesday, January 6th. Citizens Jmp set a $68.00 target price on shares of OneMain in a research note on Monday, November 24th. Truist Financial dropped their target price on OneMain from $75.00 to $73.00 and set a "buy" rating for the company in a report on Friday, February 6th. Weiss Ratings restated a "buy (b-)" rating on shares of OneMain in a report on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and an average target price of $72.11.
View Our Latest Report on OMF
Institutional Investors Weigh In On OneMain
A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in OneMain during the 2nd quarter worth approximately $85,541,000. Janus Henderson Group PLC raised its position in shares of OneMain by 70.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider's stock worth $171,210,000 after acquiring an additional 1,047,263 shares in the last quarter. Certuity LLC lifted its position in shares of OneMain by 107.6% during the 3rd quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider's stock worth $109,013,000 after buying an additional 1,000,654 shares during the last quarter. Azora Capital LP boosted its stake in OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider's stock valued at $92,066,000 after acquiring an additional 924,302 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in OneMain by 57.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider's stock worth $110,958,000 after buying an additional 713,670 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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