OneMain (NYSE:OMF) Sees Strong Trading Volume

OneMain Holdings, Inc. (NYSE:OMF) saw strong trading volume on Tuesday . 1,167,021 shares were traded during trading, an increase of 22% from the previous session’s volume of 956,956 shares.The stock last traded at $43.53 and had previously closed at $43.96.

Analyst Ratings Changes

A number of research analysts have issued reports on OMF shares. Deutsche Bank Aktiengesellschaft reduced their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. JMP Securities upped their price objective on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. Northland Securities boosted 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. JPMorgan Chase & Co. upped their price target on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Finally, BTIG Research started coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.83.

OneMain Stock Down 1.9 %

The stock has a market cap of $5.17 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.69 and a beta of 1.56. The company has a 50-day simple moving average of $48.52 and a two-hundred day simple moving average of $48.81.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 9.64%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio is currently 81.09%.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $48.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now directly owns 112,025 shares in the company, valued at approximately $5,377,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,614 shares of company stock valued at $1,009,575 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new stake in shares of OneMain in the 2nd quarter worth $31,000. International Assets Investment Management LLC purchased a new position in OneMain in the 2nd quarter worth $34,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of OneMain in the fourth quarter valued at about $36,000. Blue Trust Inc. raised its stake 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 worth $38,000 after purchasing an additional 225 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneMain during the fourth quarter worth about $47,000. Institutional investors own 85.82% of the company’s stock.

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.