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

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $51.54.

Several equities research analysts have issued reports on the stock. JMP Securities lifted their target price on shares of OneMain from $53.00 to $57.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada boosted their price target on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Northland Securities cut shares of OneMain from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $46.00 to $49.00 in a research report on Wednesday, January 17th. Finally, Wells Fargo & Company boosted their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th.

Institutional Trading of OneMain

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of OneMain during the third quarter worth about $26,000. Atlas Capital Advisors LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $29,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the third quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its stake in shares of OneMain by 129.0% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after buying an additional 400 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Up 0.2 %

Shares of OMF opened at $46.83 on Tuesday. OneMain has a 52-week low of $33.67 and a 52-week high of $51.65. The firm’s fifty day moving average is $48.00 and its two-hundred day moving average is $44.66. The stock has a market cap of $5.61 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $913.90 million. During the same quarter in the previous year, the company posted $1.56 EPS. As a group, research analysts anticipate that OneMain will post 5.67 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were given a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.54%. OneMain’s dividend payout ratio is presently 75.19%.

About OneMain

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.