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 that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the sale, the chief operating officer owned 88,221 shares in the company, valued at $5,222,683.20. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OneMain Stock Down 0.5%

Shares of NYSE OMF traded down $0.29 during midday trading on Thursday, reaching $60.15. The company had a trading volume of 164,958 shares, compared to its average volume of 1,095,549. The firm’s fifty day moving average price is $58.18 and its 200-day moving average price is $56.27. The stock has a market cap of $7.08 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.45 and a beta of 1.37. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted $1.31 EPS. As a group, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 7.0%. This is a boost from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date is Monday, November 10th. OneMain’s dividend payout ratio (DPR) is 71.19%.

Analyst Ratings Changes

OMF has been the topic of several recent research reports. Citigroup restated an “outperform” rating on shares of OneMain in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on shares of OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. JMP Securities set a $70.00 target price on shares of OneMain in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneMain in a research report on Friday, October 31st. Finally, Wells Fargo & Company began coverage on shares of OneMain in a research note on Monday, August 25th. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $63.13.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMF. Root Financial Partners LLC bought a new position in shares of OneMain during the 3rd quarter valued at approximately $26,000. Activest Wealth Management boosted its position in shares of OneMain by 1,102.1% in the third 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 period. SVB Wealth LLC bought a new position in shares of OneMain in the first quarter worth approximately $34,000. Bayforest Capital Ltd increased its stake in shares of OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 574 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of OneMain by 57.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 262 shares during the period. Institutional investors own 85.82% of the company’s stock.

About OneMain

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.