Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $72.11

OneMain Holdings, Inc. (NYSE:OMF) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $72.1111.

Several research analysts have commented on OMF shares. Barclays set a $71.00 price objective on shares of OneMain in a research note on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $65.00 to $63.00 and set an “underweight” rating for the company in a research note on Friday, February 6th. Finally, Stephens dropped their target price on OneMain to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 6th.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the completion of the sale, the chief executive officer directly owned 174,100 shares in the company, valued at approximately $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tempo Wealth LLC purchased a new stake in OneMain in the 4th quarter valued at about $216,000. DGS Capital Management LLC purchased a new position in shares of OneMain during the fourth quarter worth approximately $392,000. Beaird Harris Wealth Management LLC bought a new stake in shares of OneMain during the fourth quarter valued at approximately $81,000. Kera Capital Partners Inc. purchased a new stake in shares of OneMain in the fourth quarter valued at approximately $206,000. Finally, Mcguire Capital Advisors Inc. bought a new position in OneMain in the fourth quarter worth approximately $376,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE OMF opened at $57.86 on Friday. The business’s 50 day moving average is $64.18 and its two-hundred day moving average is $61.32. OneMain has a 1-year low of $38.00 and a 1-year high of $71.93. The stock has a market capitalization of $6.78 billion, a P/E ratio of 8.81, a PEG ratio of 0.33 and a beta of 1.33.

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

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio is 63.93%.

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.