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

OneMain Holdings, Inc. (NYSE:OMF) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $54.83.

Several equities research analysts have recently commented on the company. JMP Securities cut their price target on OneMain from $62.00 to $59.00 and set a “market outperform” rating for the company in a research note on Tuesday, June 4th. BMO Capital Markets upped their price objective on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. BTIG Research began coverage on OneMain in a report on Friday, June 7th. They set a “neutral” rating on the stock. Royal Bank of Canada upped their price objective on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company upped their price objective on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd.

OneMain Price Performance

OneMain stock opened at $48.74 on Friday. OneMain has a 12 month low of $35.00 and a 12 month high of $53.65. The business has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $48.53. The stock has a market capitalization of $5.84 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58.

OneMain (NYSE:OMF) last released its quarterly earnings results 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. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, equities research analysts anticipate that OneMain will post 5.57 EPS for the current year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $1.04 dividend. This is a positive change from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.54%. OneMain’s dividend payout ratio is 81.09%.

Insider Activity at OneMain

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

Hedge Funds Weigh In On OneMain

Several large investors have recently added to or reduced their stakes in OMF. Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of OneMain by 7.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 431 shares during the period. Cetera Advisors LLC purchased a new position in shares of OneMain in the 1st quarter worth about $493,000. Burney Co. raised its holdings in shares of OneMain by 35.6% in the 1st quarter. Burney Co. now owns 26,812 shares of the financial services provider’s stock worth $1,370,000 after purchasing an additional 7,033 shares during the period. Finally, Swedbank AB purchased a new position in shares of OneMain in the 1st quarter worth about $817,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.