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

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

OMF has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of OneMain from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. JPMorgan Chase & Co. reduced their price objective on OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Friday, February 6th. Finally, Truist Financial decreased their price objective on OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, February 6th.

OneMain Trading Up 1.2%

Shares of OMF stock opened at $57.49 on Friday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.33 and a beta of 1.33. OneMain has a 12-month low of $38.00 and a 12-month high of $71.93. The stock’s 50-day moving average price is $65.37 and its 200-day moving average price is $61.31.

OneMain (NYSE:OMF) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same quarter in the previous year, the company posted $1.16 EPS. As a group, research analysts predict that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Tuesday, February 17th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, February 17th. OneMain’s dividend payout ratio is presently 63.93%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On OneMain

Several hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in OneMain by 117.4% in the fourth 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 during the last quarter. Root Financial Partners LLC bought a new position in shares of OneMain during the third quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new stake in shares of OneMain in the fourth quarter worth approximately $31,000. Activest Wealth Management lifted its stake in shares of OneMain by 1,102.1% during the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 529 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of OneMain during the 4th quarter worth approximately $36,000. 85.82% of the stock is currently owned by institutional investors.

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.