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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a 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 $69.8889.

Several research analysts have weighed in on OMF shares. Royal Bank Of Canada upped their price objective on shares of OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Truist Financial decreased their target price on shares of OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Barclays set a $71.00 target price on shares of OneMain in a report on Friday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th.

OneMain Stock Up 0.9%

NYSE OMF opened at $51.48 on Tuesday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 0.37 and a beta of 1.34. OneMain has a 52 week low of $38.00 and a 52 week high of $71.93. The business has a 50 day moving average price of $58.96 and a 200-day moving average price of $60.62.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.16 EPS. On average, equities research analysts anticipate that OneMain will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 annualized dividend and a yield of 8.2%. OneMain’s dividend payout ratio is 63.93%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at $11,910,181. The trade was a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. The trade was a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in OneMain by 2.1% in 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 in the last quarter. Capital International Investors lifted its position in shares of OneMain by 0.8% during the 3rd 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 in the last quarter. Brave Warrior Advisors LLC lifted its position in shares of OneMain by 7.2% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,033,871 shares of the financial services provider’s stock worth $272,490,000 after buying an additional 53,840 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after acquiring an additional 1,047,263 shares in the last quarter. 85.82% of the stock is 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.