OneMain (NYSE:OMF) COO Micah Conrad Sells 5,000 Shares

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of OneMain stock in a transaction on Friday, April 17th. The shares were sold at an average price of $60.00, for a total value 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. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Stock Up 1.0%

Shares of OneMain stock opened at $59.88 on Tuesday. The firm has a market cap of $7.01 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. OneMain Holdings, Inc. has a 52 week low of $43.45 and a 52 week high of $71.93. The business’s fifty day simple moving average is $54.96 and its 200-day simple moving average is $59.90.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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 company earned $1.16 EPS. As a group, equities analysts expect that OneMain Holdings, Inc. will post 7.5 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a yield of 7.0%. OneMain’s payout ratio is presently 63.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised 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 purchasing an additional 202 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of OneMain during the third quarter worth about $26,000. Core Wealth Advisors LLC purchased a new stake in shares of OneMain during the fourth quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of OneMain during the fourth quarter worth approximately $36,000. Finally, Activest Wealth Management raised its holdings in OneMain by 1,102.1% in the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 529 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens lowered their price target on OneMain to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their target price on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th. TD Cowen restated a “buy” rating on shares of OneMain in a report on Thursday, January 8th. Barclays dropped their target price on OneMain from $71.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.44.

OneMain Company Profile

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.