OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas H. Shulman sold 20,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
OneMain Trading Up 0.1 %
OneMain stock traded up $0.06 during midday trading on Friday, reaching $54.83. The company's stock had a trading volume of 44,257 shares, compared to its average volume of 1,014,745. OneMain Holdings, Inc. has a 52 week low of $37.78 and a 52 week high of $56.28. The stock has a market cap of $6.54 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The business has a 50-day moving average price of $48.05 and a 200-day moving average price of $48.63.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain's payout ratio is 91.03%.
Hedge Funds Weigh In On OneMain
Several large investors have recently added to or reduced their stakes in OMF. Clearbridge Investments LLC boosted its holdings in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock worth $96,561,000 after acquiring an additional 743,034 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of OneMain during the second quarter valued at about $608,000. Swedbank AB bought a new stake in shares of OneMain in the 1st quarter valued at about $817,000. Argent Capital Management LLC boosted its holdings in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider's stock valued at $32,631,000 after acquiring an additional 169,339 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 85.82% of the company's stock.
Analyst Ratings Changes
OMF has been the subject of a number of research analyst reports. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an "outperform" rating and issued a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Finally, Northland Securities lifted their target price on OneMain from $53.00 to $55.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and an average target price of $55.46.
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About OneMain
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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.
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