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

OneMain Holdings, Inc. (NYSE:OMF) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat 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 objective among brokers that have issued ratings on the stock in the last year is $67.80.

OMF has been the subject of a number of research reports. TD Cowen lifted their target price on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. BTIG Research restated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Evercore set a $66.00 target price on OneMain in a research note on Monday, July 6th. Royal Bank Of Canada reduced their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a report on Friday, July 10th.

OneMain Stock Performance

Shares of NYSE:OMF opened at $60.30 on Monday. The company has a market cap of $6.97 billion, a P/E ratio of 8.97, a PEG ratio of 0.46 and a beta of 1.22. OneMain has a one year low of $45.78 and a one year high of $71.93. The business’s 50-day simple moving average is $56.79 and its 200 day simple moving average is $58.20.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $1.72 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Analysts predict that OneMain will post 7.19 earnings per share for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.0%. OneMain’s dividend payout ratio (DPR) is currently 62.50%.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,848 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $114,576.00. Following the sale, the senior vice president owned 13,127 shares in the company, valued at approximately $813,874. The trade was a 12.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares in the company, valued at $5,967,500. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On OneMain

A number of institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its holdings in shares of OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Core Wealth Advisors LLC acquired a new position in OneMain in the fourth quarter worth approximately $31,000. Atlantic Union Bankshares Corp acquired a new position in OneMain in the fourth quarter worth approximately $36,000. Transamerica Financial Advisors LLC raised its position in OneMain by 88.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Spire Wealth Management raised its position in OneMain by 83.2% during the fourth quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds 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.