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

OneMain Holdings, Inc. (NYSE:OMFGet Free Report) COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Stock Performance

Shares of NYSE:OMF opened at $58.87 on Wednesday. The company has a fifty day moving average of $54.91 and a 200-day moving average of $59.92. The company has a market capitalization of $6.90 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. OneMain Holdings, Inc. has a 52-week low of $44.22 and a 52-week high of $71.93.

OneMain (NYSE:OMFGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same period in the prior year, the business earned $1.16 earnings per share. On average, equities analysts forecast that OneMain Holdings, Inc. will post 7.5 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 7.1%. OneMain’s dividend payout ratio is 63.93%.

Key Headlines Impacting OneMain

Here are the key news stories impacting OneMain this week:

Institutional Investors Weigh In On OneMain

Several hedge funds have recently added to or reduced their stakes in OMF. CIBC Private Wealth Group LLC boosted its position in OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Root Financial Partners LLC bought a new position in OneMain during the 3rd quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in OneMain during the 4th quarter worth approximately $31,000. Activest Wealth Management raised its holdings in OneMain by 1,102.1% during the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 529 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in OneMain during the 4th quarter worth approximately $36,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OMF has been the topic of several recent research reports. Truist Financial cut their target price on shares of OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Barclays cut their target price on shares of OneMain from $71.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Stephens cut their target price on shares of OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Wells Fargo & Company cut their target price on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.44.

View Our Latest Stock Analysis on OneMain

OneMain Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for OneMain (NYSE:OMF)

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