OneMain Holdings, Inc. (NYSE:OMF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $54.83.

Several research analysts recently commented on OMF shares. Wells Fargo & Company boosted their price objective on shares of OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. TD Cowen raised their price objective on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. BMO Capital Markets upped their target price on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Barclays lowered their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,500 shares of company stock valued at $953,175. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of OneMain by 4,329.3% in the 4th quarter. International Assets Investment Management LLC now owns 34,194 shares of the financial services provider’s stock valued at $1,682,000 after purchasing an additional 33,422 shares in the last quarter. Cerity Partners LLC acquired a new stake in OneMain in the fourth quarter valued at approximately $1,429,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of OneMain by 12.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,240 shares of the financial services provider’s stock valued at $1,832,000 after buying an additional 4,239 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of OneMain by 101.8% during the 4th quarter. Federated Hermes Inc. now owns 10,476 shares of the financial services provider’s stock worth $515,000 after buying an additional 5,286 shares during the period. Finally, Xponance Inc. purchased a new position in shares of OneMain during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Up 3.2 %

OneMain stock opened at $48.81 on Monday. OneMain has a twelve month low of $35.00 and a twelve month high of $54.94. The business has a fifty day moving average of $48.63 and a two-hundred day moving average of $48.64. The firm has a market cap of $5.85 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.74 and a beta of 1.58.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same quarter last year, the company earned $1.01 earnings per share. Equities analysts expect that OneMain will post 5.37 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.52%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

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.