OneMain Target of Unusually High Options Trading (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) was the recipient of unusually large options trading activity on Friday. Traders purchased 4,012 put options on the stock. This represents an increase of approximately 444% compared to the average volume of 738 put options.

Insider Activity

In other news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares of the company’s stock, valued at $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OMF. Alpine Bank Wealth Management acquired a new stake in OneMain in the 1st quarter worth approximately $27,000. SVB Wealth LLC acquired a new stake in shares of OneMain in the first quarter worth $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of OneMain during the 1st quarter worth $42,000. Headlands Technologies LLC bought a new stake in shares of OneMain during the 1st quarter worth $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after buying an additional 363 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Wells Fargo & Company began coverage on shares of OneMain in a report on Monday, August 25th. They set an “equal weight” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Saturday, September 27th. Finally, Barclays increased their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

OneMain Stock Performance

Shares of OMF opened at $56.26 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of 10.15, a PEG ratio of 0.44 and a beta of 1.32. The firm’s 50 day moving average price is $59.08 and its 200 day moving average price is $54.11. OneMain has a twelve month low of $38.00 and a twelve month high of $63.24.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $1.02 EPS. OneMain’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that OneMain will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, August 4th. OneMain’s dividend payout ratio is 75.09%.

OneMain Company Profile

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.