OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah Conrad sold 5,000 shares of the firm's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer owned 101,250 shares in the company, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
OneMain Trading Up 1.0%
OneMain stock opened at $59.88 on Tuesday. The company has a fifty day simple moving average of $54.96 and a 200-day simple moving average of $59.90. The stock has a market cap of $7.01 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. OneMain Holdings, Inc. has a 12-month low of $43.45 and a 12-month high of $71.93.
OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same period last year, the firm earned $1.16 earnings per share. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 7.5 earnings per share for the current fiscal year.
OneMain Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain's dividend payout ratio (DPR) is 63.93%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in OneMain in the fourth quarter valued at approximately $100,312,000. Janus Henderson Group PLC boosted its holdings in shares of OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider's stock valued at $171,210,000 after acquiring an additional 1,047,263 shares during the period. Certuity LLC boosted its stake in shares of OneMain by 107.6% during the third 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 period. Azora Capital LP boosted its stake in shares of OneMain by 210.7% during the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider's stock worth $92,066,000 after buying an additional 924,302 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of OneMain by 57.0% during the third 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 period. Institutional investors and hedge funds own 85.82% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on OMF shares. Royal Bank Of Canada upped their price target on OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, February 6th. TD Cowen reissued a "buy" rating on shares of OneMain in a report on Thursday, January 8th. Weiss Ratings restated a "buy (b-)" rating on shares of OneMain in a research report on Monday, December 29th. BTIG Research reaffirmed a "neutral" rating on shares of OneMain in a research report on Thursday. Finally, Stephens cut their price target on shares of OneMain to $76.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Seven investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.44.
Get Our Latest Stock 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
