Seaport Res Ptn Analysts Reduce Earnings Estimates for OneMain Holdings, Inc. (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) – Analysts at Seaport Res Ptn reduced their Q4 2023 EPS estimates for shares of OneMain in a research note issued to investors on Sunday, November 19th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $1.37 per share for the quarter, down from their previous forecast of $1.46. The consensus estimate for OneMain’s current full-year earnings is $5.43 per share.

A number of other brokerages have also issued reports on OMF. TD Cowen assumed coverage on shares of OneMain in a report on Wednesday, November 1st. They issued an “outperform” rating and a $43.00 price objective for the company. JMP Securities reduced their price objective on shares of OneMain from $55.00 to $53.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. decreased their price objective on OneMain from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. BMO Capital Markets reduced their price target on OneMain from $42.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 26th. Finally, Barclays started coverage on OneMain in a research report on Wednesday, November 15th. They set an “overweight” rating and a $51.00 price objective for the company. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $48.46.

OneMain Trading Down 0.2 %

OneMain stock opened at $38.54 on Tuesday. The company has a market capitalization of $4.62 billion, a PE ratio of 7.11, a P/E/G ratio of 1.20 and a beta of 1.69. The stock has a 50-day moving average price of $38.32 and a two-hundred day moving average price of $40.57. OneMain has a 12 month low of $31.97 and a 12 month high of $48.64.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.06. The company had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $907.28 million. OneMain had a return on equity of 22.12% and a net margin of 14.58%.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, November 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $4.00 annualized dividend and a dividend yield of 10.38%. OneMain’s dividend payout ratio is currently 73.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its holdings in OneMain by 153.0% in the first quarter. Rockefeller Capital Management L.P. now owns 1,951,127 shares of the financial services provider’s stock worth $72,346,000 after acquiring an additional 1,179,938 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in OneMain during the 2nd quarter valued at $211,000. FMR LLC raised its holdings in OneMain by 7.0% during the first quarter. FMR LLC now owns 10,860,979 shares of the financial services provider’s stock worth $402,725,000 after buying an additional 711,440 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of OneMain by 120.4% in the second quarter. Parallel Advisors LLC now owns 7,128 shares of the financial services provider’s stock valued at $311,000 after buying an additional 3,894 shares in the last quarter. Finally, Barnett & Company Inc. grew its holdings in shares of OneMain by 10.0% during the first quarter. Barnett & Company Inc. now owns 118,273 shares of the financial services provider’s stock valued at $4,386,000 after buying an additional 10,800 shares during the last quarter. 79.70% of the stock is owned by institutional investors.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.