OneMain Holdings, Inc. (NYSE:OMF) Receives $50.85 Average Price Target from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $50.85.

OMF has been the subject of a number of analyst reports. Northland Securities lowered shares of OneMain from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. Wells Fargo & Company boosted their target price on OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of OneMain in a report on Wednesday, January 10th. They issued a “buy” rating and a $68.00 price target on the stock. Barclays dropped their target price on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th.

OneMain Stock Performance

OMF stock opened at $51.10 on Friday. OneMain has a one year low of $33.67 and a one year high of $51.65. The company has a market capitalization of $6.12 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65. The company’s 50 day moving average price is $47.64 and its two-hundred day moving average price is $43.88.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $913.90 million. During the same period in the previous year, the firm posted $1.56 earnings per share. On average, research analysts predict that OneMain will post 5.75 EPS for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s dividend payout ratio (DPR) is presently 75.19%.

Institutional Investors Weigh In On OneMain

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in OneMain by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock valued at $9,500,000 after buying an additional 60,428 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in OneMain by 106.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 6,898 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in OneMain during the first quarter valued at about $534,000. Bank of Montreal Can increased its position in OneMain by 72.6% in the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 20,646 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of OneMain during the 1st quarter valued at about $104,000. 85.82% 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 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.