OneMain’s (OMF) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of OneMain (NYSE:OMF) in a research note released on Friday,Weiss Ratings reports.

OMF has been the subject of a number of other research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 price objective (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Citigroup restated an “outperform” rating on shares of OneMain in a report on Monday, October 13th. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Wells Fargo & Company initiated coverage on shares of OneMain in a report on Monday, August 25th. They set an “equal weight” rating for the company. Finally, JMP Securities decreased their price objective on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $60.14.

OneMain Stock Performance

Shares of NYSE OMF opened at $59.15 on Friday. The stock has a market cap of $7.03 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 1.32. The firm has a 50 day moving average price of $58.36 and a 200 day moving average price of $55.55. OneMain has a 52-week low of $38.00 and a 52-week high of $63.24.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. During the same quarter in the previous year, the company earned $1.31 earnings per share. Analysts predict that OneMain will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a yield of 7.1%. OneMain’s payout ratio is presently 75.09%.

Institutional Trading of OneMain

A number of institutional investors have recently made changes to their positions in OMF. GAMMA Investing LLC lifted its position in shares of OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 662 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of OneMain by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,269 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 1,147 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of OneMain by 5.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of OneMain by 56.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider’s stock worth $5,966,000 after purchasing an additional 43,915 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of OneMain in the first quarter worth $853,000. Institutional investors own 85.82% of the company’s stock.

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.