OneMain Holdings, Inc. (NYSE:OMF) Receives $62.63 Consensus Target Price from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $64.00.

Several research firms have recently issued reports on OMF. Royal Bank Of Canada upped their price target on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wells Fargo & Company began coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating for the company. Truist Financial began coverage on OneMain in a research report on Monday. They set a “buy” rating and a $75.00 target price for the company. JPMorgan Chase & Co. increased their price target on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Citizens Jmp dropped their price target on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research report on Monday, November 24th.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 652 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total transaction of $40,424.00. Following the completion of the transaction, the senior vice president owned 15,179 shares of the company’s stock, valued at approximately $941,098. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $59.20, for a total value of $296,000.00. Following the sale, the chief operating officer owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. The trade was a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,652 shares of company stock worth $2,420,324 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OMF. Pallas Capital Advisors LLC bought a new stake in OneMain in the 2nd quarter valued at $350,000. Invesco Ltd. increased its holdings in shares of OneMain by 16.4% during the 1st quarter. Invesco Ltd. now owns 335,097 shares of the financial services provider’s stock worth $16,380,000 after purchasing an additional 47,099 shares during the period. Virtu Financial LLC bought a new position in shares of OneMain during the 1st quarter worth about $515,000. Cooperman Leon G raised its position in shares of OneMain by 187.7% during the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock valued at $43,454,000 after buying an additional 580,000 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of OneMain in the second quarter valued at about $85,541,000. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 0.3%

OneMain stock opened at $64.55 on Friday. OneMain has a 1-year low of $38.00 and a 1-year high of $65.55. The firm’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $57.84. The company has a market capitalization of $7.60 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.44 and a beta of 1.38.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a net margin of 13.15% and a return on equity of 22.70%. During the same period in the prior year, the company posted $1.31 earnings per share. On average, equities research analysts predict that OneMain will post 6.46 earnings per share for the current year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date was Monday, November 10th. This represents a $4.20 annualized dividend and a yield of 6.5%. OneMain’s payout ratio is 71.19%.

About OneMain

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.