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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $71.30.

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on OneMain from $63.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Barclays lifted their price objective on shares of OneMain from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of OneMain in a research report on Thursday, January 8th. Finally, Truist Financial assumed coverage on shares of OneMain in a report on Monday, December 8th. They set a “buy” rating and a $75.00 target price for the company.

OneMain Price Performance

OneMain stock opened at $64.46 on Monday. The company’s 50-day moving average is $65.65 and its 200-day moving average is $60.91. The firm has a market capitalization of $7.59 billion, a PE ratio of 10.93, a P/E/G ratio of 0.36 and a beta of 1.33. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The business had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a return on equity of 22.70% and a net margin of 13.15%.During the same quarter last year, the company posted $1.31 earnings per share. As a group, analysts expect that OneMain will post 6.46 EPS for the current year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a dividend of $1.05 per share. This is a boost from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, November 10th. OneMain’s dividend payout ratio is presently 71.19%.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 57,500 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at $11,910,181. This represents a 24.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the transaction, the chief operating officer owned 88,221 shares in the company, valued at $5,222,683.20. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 98,152 shares of company stock worth $6,353,899. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On OneMain

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OneMain during the first quarter worth about $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of OneMain by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock worth $21,634,000 after purchasing an additional 9,067 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of OneMain by 101.8% during the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 4,407 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of OneMain by 48.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,189 shares of the financial services provider’s stock worth $1,266,000 after purchasing an additional 6,920 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of OneMain in the second quarter valued at approximately $1,036,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

About OneMain

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.