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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $62.6250.

Several equities analysts recently commented on OMF shares. JMP Securities set a $68.00 target price on OneMain in a research note on Monday, November 24th. Royal Bank Of Canada lifted their price target on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Citigroup restated a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the sale, the chief operating officer directly owned 88,221 shares in the company, valued at $5,222,683.20. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the transaction, the chief executive officer owned 231,600 shares in the company, valued at approximately $13,789,464. This trade represents a 13.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,652 shares of company stock worth $2,420,324. 0.40% of the stock is owned by insiders.

Institutional Trading of OneMain

Institutional investors and hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its position in OneMain by 7.6% during the first quarter. Avantax Advisory Services Inc. now owns 6,068 shares of the financial services provider’s stock valued at $297,000 after buying an additional 427 shares in the last quarter. LPL Financial LLC raised its stake in shares of OneMain by 2.7% in the 1st quarter. LPL Financial LLC now owns 166,275 shares of the financial services provider’s stock valued at $8,128,000 after acquiring an additional 4,439 shares during the period. Deutsche Bank AG raised its stake in shares of OneMain by 0.8% in the 1st quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock valued at $1,788,000 after acquiring an additional 290 shares during the period. Headlands Technologies LLC acquired a new position in shares of OneMain during the 1st quarter valued at $46,000. Finally, Townsquare Capital LLC boosted its position in OneMain by 26.3% during the 1st quarter. Townsquare Capital LLC now owns 10,910 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 2,275 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of NYSE OMF opened at $64.75 on Friday. The firm has a market cap of $7.62 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.44 and a beta of 1.38. OneMain has a 1 year low of $38.00 and a 1 year high of $65.55. The firm’s 50 day moving average price is $58.25 and its 200 day moving average price is $57.58.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The company had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the company posted $1.31 EPS. As a group, equities analysts predict 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 represents a $4.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is currently 71.19%.

OneMain Company Profile

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.