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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $72.1111.

OMF has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Friday, February 6th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Evercore set a $75.00 price objective on OneMain in a research note on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Finally, Wells Fargo & Company reduced their target price on shares of OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 6th.

OneMain Stock Performance

OMF stock opened at $57.49 on Friday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.33 and a beta of 1.33. The business’s 50-day moving average is $65.37 and its two-hundred day moving average is $61.31. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same quarter in the prior year, the firm earned $1.16 EPS. Equities analysts predict that OneMain will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.3%. OneMain’s dividend payout ratio is 63.93%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the transaction, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. The trade was a 24.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael A. Hedlund sold 652 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the completion of the sale, the senior vice president owned 15,179 shares of the company’s stock, valued at $941,098. The trade was a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by company insiders.

Institutional Trading of OneMain

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its holdings in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of OneMain in the third quarter worth $26,000. Core Wealth Advisors LLC purchased a new position in shares of OneMain in the fourth quarter worth $31,000. Atlantic Union Bankshares Corp bought a new position in shares of OneMain during the fourth quarter worth $36,000. Finally, Activest Wealth Management grew its stake in OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.