OneMain (NYSE:OMF) SVP Michael Hedlund Sells 1,848 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael Hedlund sold 1,848 shares of OneMain stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the sale, the senior vice president directly owned 13,127 shares of the company’s stock, valued at approximately $813,874. The trade was a 12.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Trading Down 2.3%

NYSE OMF traded down $1.41 on Tuesday, reaching $60.95. The stock had a trading volume of 1,176,958 shares, compared to its average volume of 1,391,792. The business has a 50 day moving average price of $56.32 and a 200 day moving average price of $59.06. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.45 and a beta of 1.24.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.72 EPS. On average, analysts anticipate that OneMain Holdings, Inc. will post 7.35 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 6.9%. OneMain’s dividend payout ratio is currently 62.50%.

Institutional Investors Weigh In On OneMain

Several institutional investors and 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 fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the period. Core Wealth Advisors LLC bought a new position in shares of OneMain in the fourth quarter valued at approximately $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of OneMain in the fourth quarter worth $36,000. Transamerica Financial Advisors LLC boosted its holdings in shares of OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after buying an additional 314 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of OneMain during the 3rd quarter worth $46,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on OMF. Evercore set a $55.00 target price on shares of OneMain in a research note on Tuesday, March 17th. JPMorgan Chase & Co. cut their price target on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company reduced their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Finally, Royal Bank Of Canada decreased their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Eight 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. According to MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $68.30.

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.