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

OneMain Holdings, Inc. (NYSE:OMF) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $69.6667.

A number of brokerages have recently commented on OMF. Evercore ISI set a $75.00 price target on OneMain in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Barclays lifted their target price on shares of OneMain from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JMP Securities set a $68.00 price target on shares of OneMain in a research report on Monday, November 24th. Finally, Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Friday, November 28th.

OneMain Stock Performance

Shares of NYSE:OMF opened at $70.28 on Thursday. OneMain has a 52-week low of $38.00 and a 52-week high of $71.62. The company has a market capitalization of $8.27 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.39 and a beta of 1.33. The company has a fifty day moving average of $64.09 and a 200-day moving average of $60.17.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted $1.31 EPS. On average, equities analysts forecast that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a yield of 6.0%. OneMain’s dividend payout ratio (DPR) is currently 71.19%.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at $5,222,683.20. This trade represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares in the company, valued at $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 98,152 shares of company stock valued at $6,353,899 in the last three months. Insiders own 0.40% of the company’s stock.

Institutional Trading of OneMain

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in OneMain by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock worth $675,849,000 after purchasing an additional 249,785 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of OneMain in the 2nd quarter valued at $611,102,000. Capital International Investors increased its position in shares of OneMain by 0.8% during the third quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock worth $585,868,000 after buying an additional 82,202 shares during the period. Brave Warrior Advisors LLC increased its position in shares of OneMain by 7.2% during the second quarter. Brave Warrior Advisors LLC now owns 7,870,085 shares of the financial services provider’s stock worth $448,595,000 after buying an additional 526,449 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in OneMain by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock worth $224,723,000 after buying an additional 63,774 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.