OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman Sells 19,000 Shares

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 19,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

OneMain Price Performance

Shares of OneMain stock opened at $51.65 on Thursday. The business has a 50-day simple moving average of $49.36 and a 200 day simple moving average of $46.05. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.71 and a beta of 1.63. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $53.65.

OneMain (NYSE:OMF) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.05%. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s payout ratio is 77.97%.

Analyst Ratings Changes

OMF has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. TD Cowen upped their target price on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Citigroup reduced their price target on OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Finally, Stephens decreased their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average price target of $54.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMF. Cambridge Investment Research Advisors Inc. boosted its holdings in OneMain by 3.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,198 shares of the financial services provider’s stock worth $3,897,000 after acquiring an additional 2,800 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of OneMain by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,052,225 shares of the financial services provider’s stock worth $42,184,000 after buying an additional 58,079 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of OneMain by 71.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,001 shares of the financial services provider’s stock valued at $1,323,000 after acquiring an additional 13,697 shares during the last quarter. Strs Ohio lifted its holdings in OneMain by 20.9% during the third quarter. Strs Ohio now owns 39,636 shares of the financial services provider’s stock worth $1,589,000 after acquiring an additional 6,855 shares during the period. Finally, Assetmark Inc. boosted its position in OneMain by 21.8% in the third quarter. Assetmark Inc. now owns 3,118 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 559 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.