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 stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at $5,967,500. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Stock Performance

Shares of NYSE:OMF traded down $1.41 during trading 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 firm’s fifty day moving average is $56.32 and its 200 day moving average is $59.06. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The stock has a market cap 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 announced its earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.86 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm’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 company earned $1.72 EPS. On average, research analysts forecast that OneMain Holdings, Inc. will post 7.35 earnings per share for the current fiscal year.

OneMain Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OMF. Royal Bank Of Canada lowered their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. TD Cowen restated a “buy” rating on shares of OneMain in a report on Monday, May 4th. Evercore set a $55.00 price target on shares of OneMain in a report on Tuesday, March 17th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Finally, Barclays dropped their price objective on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $68.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in OneMain in the 1st quarter valued at $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in OneMain by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock worth $21,634,000 after acquiring an additional 9,067 shares during the last quarter. Focus Partners Wealth grew its stake in shares of OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 4,407 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of OneMain by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of OneMain by 26.2% in the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 4,084 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.