Key Points
- OneMain COO Micah Conrad sold 5,000 shares at an average price of $65.40, receiving $327,000 and reducing his direct holdings by 5.19% to 91,250 shares.
- OneMain recently reported quarterly EPS of $1.31, beating estimates of $1.26, while revenue rose 6.7% year over year to $1.62 billion.
- The company declared a quarterly dividend of $1.05 per share, equivalent to an annualized $4.20 payout and a 6.4% yield; analysts maintain a “Moderate Buy” consensus with a $68.40 price target.
OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah Conrad sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer directly owned 91,250 shares of the company's stock, valued at approximately $5,967,750. This trade represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
OneMain Stock Down 0.6%
Shares of OneMain stock opened at $65.16 on Friday. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The business's fifty day simple moving average is $59.23 and its 200-day simple moving average is $57.62. The firm has a market cap of $7.50 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.
OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company's revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. As a group, equities analysts expect that OneMain Holdings, Inc. will post 7.12 earnings per share for the current year.
OneMain Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.4%. OneMain's dividend payout ratio (DPR) is currently 63.25%.
Institutional Investors Weigh In On OneMain
Several large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its position in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock valued at $25,000 after buying an additional 202 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of OneMain in the fourth quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new position in OneMain in the fourth quarter valued at $36,000. Transamerica Financial Advisors LLC grew its stake in OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider's stock worth $45,000 after purchasing an additional 314 shares in the last quarter. Finally, Activest Wealth Management grew its stake in OneMain by 37.6% during the 4th quarter. Activest Wealth Management now owns 794 shares of the financial services provider's stock worth $54,000 after purchasing an additional 217 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Citigroup restated a "market outperform" rating on shares of OneMain in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of OneMain in a research note on Friday, July 10th. Barclays dropped their price objective on OneMain from $61.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on OneMain from $63.00 to $55.00 and set an "underweight" rating on the stock in a report on Thursday, April 9th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of OneMain in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.40.
View 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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