OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund Sells 1,992 Shares

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares of the company's stock, valued at approximately $985,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

OneMain Trading Up 0.2 %

Shares of OneMain stock traded up $0.11 during trading on Friday, hitting $49.78. 1,037,100 shares of the stock were exchanged, compared to its average volume of 1,080,618. OneMain Holdings, Inc. has a 1-year low of $36.52 and a 1-year high of $54.94. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. The company has a fifty day moving average price of $47.15 and a 200-day moving average price of $48.35.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 19.28% and a net margin of 11.27%. During the same quarter in the prior year, the company earned $1.01 earnings per share. Equities research analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

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 annualized dividend and a yield of 8.36%. The ex-dividend date is Tuesday, November 12th. OneMain's dividend payout ratio is 91.03%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMF. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a research note on Saturday, October 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, October 7th. JMP Securities upped their price target on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.08.

Hedge Funds Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC bought a new position in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain during the second quarter worth $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 225 shares during the period. Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 304 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after purchasing an additional 437 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Company Profile

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.