OneMain Holdings, Inc. (NYSE:OMF) Given Average Recommendation of “Moderate Buy” by Analysts

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $56.69.

A number of research firms recently issued reports on OMF. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of OneMain in a research report on Thursday, January 16th. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Stephens started coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. Finally, Compass Point upped their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at $5,316,428. This trade represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock valued at $1,582,384 over the last ninety days. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OMF. Commonwealth Equity Services LLC lifted its stake in shares of OneMain by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the financial services provider’s stock valued at $563,000 after buying an additional 1,374 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of OneMain by 6.9% in the second quarter. Victory Capital Management Inc. now owns 37,999 shares of the financial services provider’s stock valued at $1,843,000 after buying an additional 2,446 shares in the last quarter. Choreo LLC bought a new position in shares of OneMain in the second quarter valued at $246,000. American Century Companies Inc. lifted its stake in shares of OneMain by 2.1% in the second quarter. American Century Companies Inc. now owns 726,774 shares of the financial services provider’s stock valued at $35,241,000 after buying an additional 14,644 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of OneMain in the second quarter valued at $257,000. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

OMF stock opened at $57.11 on Thursday. The company has a 50 day simple moving average of $54.52 and a 200 day simple moving average of $50.47. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.48 and a beta of 1.58. OneMain has a 1 year low of $41.70 and a 1 year high of $57.97.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

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.