OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $1,083,800.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OneMain Stock Up 1.3 %

Shares of NYSE OMF opened at $55.49 on Friday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a 12-month low of $37.78 and a 12-month high of $56.28. The firm’s 50-day simple moving average is $48.27 and its 200 day simple moving average is $48.64.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.50%. OneMain’s payout ratio is presently 91.03%.

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently modified their holdings of OMF. Quantinno Capital Management LP boosted its position in shares of OneMain by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 204 shares during the last quarter. Blue Trust Inc. increased its stake in 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 purchasing an additional 225 shares in the last quarter. US Bancorp DE increased its position in shares of OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after buying an additional 245 shares in the last quarter. UMB Bank n.a. raised its stake in OneMain by 13.9% during the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

OMF has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Stephens started coverage on OneMain in a research note on Wednesday. They issued an “overweight” rating and a $62.00 price objective on the stock. Compass Point raised their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities boosted their price target on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

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.