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

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

OneMain Trading Down 2.3%

Shares of OMF opened at $60.95 on Wednesday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.46 and a beta of 1.24. The business’s fifty day simple moving average is $56.35 and its two-hundred day simple moving average is $59.02. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93.

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 the consensus estimate of $1.86 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. As a group, research analysts forecast that OneMain Holdings, Inc. will post 7.35 EPS for the current year.

OneMain Dividend Announcement

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

Wall Street Analyst Weigh In

OMF has been the topic of a number of recent analyst reports. Evercore set a $55.00 price target on shares of OneMain in a report on Tuesday, March 17th. Royal Bank Of Canada lowered their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Barclays dropped their target price 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. Wells Fargo & Company cut their target price on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.30.

Institutional Investors Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its holdings in shares of OneMain by 117.4% in the fourth 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 in the last quarter. Core Wealth Advisors LLC bought a new stake in OneMain in the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in OneMain in the 4th 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 valued at $45,000 after purchasing an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of OneMain during the 3rd quarter valued at about $46,000. Institutional investors own 85.82% of the company’s stock.

OneMain Company Profile

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.