OneMain Holdings, Inc. (NYSE:OMF) Receives Average Recommendation of “Moderate Buy” from Analysts

OneMain Holdings, Inc. (NYSE:OMF) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.50.

OMF has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Barclays upped their target price on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company initiated coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating on the stock.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the transaction, the chief operating officer owned 98,007 shares in the company, valued at $5,880,420. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares of the company’s stock, valued at $16,360,197. This trade represents a 11.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $2,664,140. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in OneMain during the 2nd quarter worth about $611,102,000. Brave Warrior Advisors LLC lifted its holdings in 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 purchasing an additional 526,449 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in OneMain by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider’s stock worth $182,610,000 after purchasing an additional 256,308 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in OneMain by 21.8% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock worth $129,428,000 after purchasing an additional 474,161 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of OneMain by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock valued at $130,075,000 after acquiring an additional 16,469 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 0.6%

NYSE:OMF opened at $60.45 on Tuesday. The stock’s 50-day simple moving average is $59.11 and its 200 day simple moving average is $53.54. The firm has a market capitalization of $7.19 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30. OneMain has a twelve month low of $38.00 and a twelve month high of $63.24.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $1.02 earnings per share. OneMain’s revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 6.9%. OneMain’s payout ratio is currently 75.09%.

About OneMain

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.