OneMain Holdings, Inc. (NYSE:OMF) Receives $58.36 Average Price Target from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.36.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd.

OneMain Stock Down 1.4 %

NYSE:OMF opened at $45.94 on Friday. The company has a market cap of $5.48 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm’s 50 day moving average is $54.28 and its two-hundred day moving average is $51.88.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 9.06%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Wealth Enhancement Advisory Services LLC increased its position in shares of OneMain by 88.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 4,206 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of OneMain by 5.9% in the 3rd quarter. QRG Capital Management Inc. now owns 63,616 shares of the financial services provider’s stock worth $2,994,000 after purchasing an additional 3,559 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after purchasing an additional 87,084 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of OneMain by 14.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 40,153 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 5,120 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of OneMain by 13.3% in the 3rd quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other 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.