OneMain (NYSE:OMF) CEO Douglas Shulman Sells 57,500 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas Shulman sold 57,500 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the sale, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at approximately $11,910,181. This represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OneMain Stock Up 2.2%

OneMain stock opened at $69.01 on Friday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $70.17. The company’s fifty day simple moving average is $63.30 and its 200-day simple moving average is $59.76. The stock has a market cap of $8.12 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.37 and a beta of 1.38.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.32. The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a return on equity of 22.70% and a net margin of 13.15%.During the same period last year, the business posted $1.31 earnings per share. On average, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio is presently 71.19%.

Hedge Funds Weigh In On OneMain

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in OneMain in the 3rd quarter valued at $26,000. Activest Wealth Management lifted its holdings in shares of OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after buying an additional 529 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after buying an additional 574 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 262 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of OneMain in the third quarter valued at about $46,000. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Truist Financial initiated coverage on OneMain in a research report on Monday, December 8th. They issued a “buy” rating and a $75.00 price target on the stock. Royal Bank Of Canada lifted their target price on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Monday. JMP Securities set a $68.00 target price on shares of OneMain in a research note on Monday, November 24th. Finally, Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

About OneMain

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.