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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $58.40.

Several analysts have recently weighed in on OMF shares. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Finally, Stephens reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd.

OneMain Trading Down 1.0%

NYSE OMF opened at $51.20 on Wednesday. The stock has a 50-day moving average of $47.77 and a 200 day moving average of $51.99. OneMain has a twelve month low of $38.00 and a twelve month high of $58.90. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $1.45 EPS. OneMain’s revenue was up 7.1% on a year-over-year basis. Equities analysts predict that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date was Friday, May 9th. OneMain’s dividend payout ratio (DPR) is presently 87.95%.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company’s stock, valued at $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,808 shares of company stock valued at $3,344,751 over the last quarter. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently modified their holdings of OMF. Albion Financial Group UT bought a new stake in OneMain during the fourth quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in OneMain during the first quarter worth $27,000. SVB Wealth LLC acquired a new stake in OneMain during the 1st quarter valued at $34,000. IFP Advisors Inc lifted its position in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in OneMain during the 1st quarter valued at about $42,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Company Profile

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.