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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $54.38.

Several research firms have recently weighed in on OMF. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. TD Cowen lifted 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. BTIG Research assumed coverage on OneMain in a report on Friday. They issued a “neutral” rating for the company. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company upped their target price on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd.

Insider Activity

In related news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the completion of the sale, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in OneMain during the third quarter valued at $26,000. Blue Trust Inc. increased 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 purchasing an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of OneMain during the fourth quarter valued at approximately $36,000. Operose Advisors LLC bought a new stake in shares of OneMain in the 3rd quarter worth approximately $40,000. Finally, ZRC Wealth Management LLC bought a new position in OneMain in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 1.6 %

OneMain stock opened at $49.07 on Wednesday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.73 and a beta of 1.59. The business has a 50-day simple moving average of $49.37 and a 200 day simple moving average of $47.94. OneMain has a 52 week low of $35.00 and a 52 week high of $53.65.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the previous year, the firm earned $1.46 earnings per share. On average, research analysts anticipate that OneMain will post 5.57 earnings per share for the current year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date was Thursday, May 9th. This is a positive change from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is 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.