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

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the sale, the chief operating officer owned 91,250 shares in the company, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OneMain Stock Performance

Shares of OMF stock opened at $65.03 on Friday. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93. The stock has a fifty day moving average of $59.43 and a two-hundred day moving average of $57.67. The firm has a market capitalization of $7.48 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The company 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 for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. Equities research analysts predict that OneMain Holdings, Inc. will post 7.12 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, August 10th. OneMain’s dividend payout ratio is currently 63.25%.

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Advisory Services Inc. bought a new stake in shares of OneMain during the 2nd quarter worth $260,000. Citizens Financial Group Inc. RI acquired a new stake in shares of OneMain during the second quarter worth $474,000. BlackRock Inc. acquired a new stake in shares of OneMain during the second quarter worth $633,893,000. Pallas Capital Advisors LLC purchased a new stake in shares of OneMain during the second quarter valued at $762,000. Finally, Deutsche Bank AG purchased a new stake in shares of OneMain during the second quarter valued at $22,634,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Ratings Changes

OMF has been the topic of a number of recent analyst reports. BTIG Research restated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Truist Financial raised their price objective on shares of OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their target price on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Citigroup reissued a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.40.

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.