OneMain Holdings, Inc. (NYSE:OMF) Receives $54.83 Average Target Price from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $55.25.

A number of analysts have recently issued reports on OMF shares. Deutsche Bank Aktiengesellschaft lowered their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Barclays lowered their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. upped their price objective on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Tuesday. Finally, BTIG Research assumed coverage on OneMain in a report on Friday, June 7th. They set a “neutral” rating for the company.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the transaction, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,614 shares of company stock valued at $1,009,575. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of OneMain during the second quarter worth about $364,000. Clearbridge Investments LLC raised its holdings in shares of OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after acquiring an additional 24,338 shares during the period. Cetera Investment Advisers lifted its position in OneMain by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock valued at $1,395,000 after acquiring an additional 1,037 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in OneMain by 8.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 454 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 3.3 %

Shares of OMF stock opened at $48.56 on Friday. The firm has a market capitalization of $5.82 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain has a 1 year low of $35.00 and a 1 year high of $54.94. The firm’s fifty day simple moving average is $48.17 and its 200 day simple moving average is $48.75.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities research analysts anticipate that OneMain will post 5.2 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.57%. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

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.