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

OneMain Holdings, Inc. (NYSE:OMF) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $68.30.

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Evercore set a $55.00 price target on OneMain in a research note on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft decreased their price target on OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th.

OneMain Trading Up 0.9%

Shares of NYSE:OMF opened at $58.62 on Thursday. OneMain has a 1-year low of $45.78 and a 1-year high of $71.93. The firm has a market capitalization of $6.77 billion, a PE ratio of 8.72, a PEG ratio of 0.43 and a beta of 1.24. The business’s 50 day moving average is $56.12 and its 200-day moving average is $59.14.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $1.72 EPS. OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that OneMain will post 7.38 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.2%. OneMain’s payout ratio is currently 62.50%.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. The trade was a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of OneMain

Several institutional investors have recently bought and sold shares of the stock. Csenge Advisory Group boosted its position in shares of OneMain by 4.1% during the fourth 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. boosted 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 worth $275,000 after buying an additional 174 shares during the period. Geneos Wealth Management Inc. boosted 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 worth $120,000 after buying an additional 176 shares during the period. New York State Teachers Retirement System boosted its position in shares of OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after buying an additional 189 shares during the period. Finally, Generali Asset Management SPA SGR boosted its position in shares of 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 during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.