OneMain (NYSE:OMF) Stock Passes Below 200 Day Moving Average – Here’s What Happened

OneMain Holdings, Inc. (NYSE:OMF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $60.05 and traded as low as $52.47. OneMain shares last traded at $54.12, with a volume of 1,004,837 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OMF. Truist Financial cut their price objective on shares of OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Stephens reduced their price target on OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wells Fargo & Company decreased their price objective on shares of OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Evercore set a $55.00 price target on shares of OneMain in a research report on Tuesday, March 17th. Finally, Barclays set a $71.00 price objective on OneMain in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.89.

OneMain Stock Up 0.1%

The company has a 50 day moving average of $56.55 and a two-hundred day moving average of $60.05. The firm has a market cap of $6.34 billion, a P/E ratio of 8.24, a PEG ratio of 0.40 and a beta of 1.30.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $1.16 EPS. Research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.8%. OneMain’s dividend payout ratio (DPR) is 63.93%.

Insider Activity

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Trading of OneMain

A number of institutional investors have recently added to or reduced their stakes in the business. Csenge Advisory Group boosted its holdings in shares of OneMain by 4.1% during the 4th quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock worth $286,000 after buying an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of OneMain by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after buying an additional 174 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after buying an additional 176 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of OneMain by 3.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider’s stock valued at $266,000 after buying an additional 177 shares during the period. Finally, Generali Asset Management SPA SGR grew its position in OneMain by 5.9% during the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock worth $231,000 after buying an additional 190 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Company Profile

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.