OneMain Holdings, Inc. (NYSE:OMF) Receives $54.33 Consensus PT from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $54.33.

OMF has been the subject of a number of research reports. Barclays reduced their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company upped their price objective on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. JMP Securities lifted their target price on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. TD Cowen upped their price target on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th.

OneMain Stock Down 1.7 %

OMF opened at $52.25 on Thursday. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.79 and a beta of 1.58. OneMain has a 52 week low of $35.00 and a 52 week high of $54.94. The business’s 50 day moving average is $49.20 and its two-hundred day moving average is $48.73.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a net margin of 13.29% and a return on equity of 20.78%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. During the same quarter in the prior year, the firm earned $1.46 EPS. Equities analysts expect that OneMain will post 5.48 EPS for the current fiscal year.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the transaction, the chief executive officer now owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The disclosure for this sale can be found here. Insiders sold 29,500 shares of company stock valued at $1,500,055 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Large investors have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in shares of OneMain during the second quarter valued at $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain in the second quarter valued at approximately $34,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of OneMain in the fourth quarter valued at approximately $36,000. Blue Trust Inc. lifted 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 valued at $36,000 after buying an additional 243 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in OneMain in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.