OneMain (NYSE:OMF) Receives New Coverage from Analysts at BTIG Research

BTIG Research started coverage on shares of OneMain (NYSE:OMFFree Report) in a report issued on Friday morning, Marketbeat.com reports. The firm issued a neutral rating on the financial services provider’s stock.

OMF has been the topic of several other reports. StockNews.com raised shares of OneMain from a hold rating to a buy rating in a research report on Wednesday, February 14th. Barclays dropped their price objective on shares of OneMain from $57.00 to $54.00 and set an overweight rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company increased their price objective on shares of OneMain from $48.00 to $53.00 and gave the company an equal weight rating in a research report on Thursday, May 2nd. Stephens lowered their price target on shares of OneMain from $61.00 to $57.00 and set an overweight rating on the stock in a research report on Thursday, February 8th. Finally, Piper Sandler lowered shares of OneMain from an overweight rating to a neutral rating and lowered their price target for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of Moderate Buy and a consensus target price of $54.38.

View Our Latest Analysis on OneMain

OneMain Price Performance

Shares of OMF stock opened at $49.07 on Friday. The stock has a market cap of $5.88 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.59. The company has a fifty day moving average price of $49.37 and a two-hundred day moving average price of $47.80. OneMain has a one year low of $35.00 and a one year high of $53.65.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, equities research analysts anticipate that OneMain will post 5.57 EPS for the current fiscal year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. OneMain’s dividend payout ratio is presently 81.09%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total transaction of $379,725.00. Following the sale, the chief operating officer now directly owns 119,525 shares in the company, valued at $6,051,550.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total transaction of $379,725.00. Following the completion of the sale, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Hedge funds have recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC acquired a new stake in shares of OneMain in the 4th quarter valued at approximately $1,649,000. Invesco Ltd. boosted its stake in shares of OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after purchasing an additional 151,226 shares in the last quarter. Miller Howard Investments Inc. NY boosted its position in OneMain by 659.7% during the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after buying an additional 91,429 shares during the period. Charles Schwab Investment Management Inc. boosted its position in OneMain by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,348,842 shares of the financial services provider’s stock worth $66,363,000 after buying an additional 17,330 shares during the period. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in OneMain during the 3rd quarter worth approximately $855,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

About OneMain

(Get Free Report)

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.

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Analyst Recommendations for OneMain (NYSE:OMF)

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