Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) PT at $68.40

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $68.40.

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Barclays reduced their price objective on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Truist Financial lifted their target price on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Citizens Jmp upped their target price on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th.

OneMain Stock Down 0.5%

OneMain stock opened at $64.81 on Friday. The business’s 50-day simple moving average is $60.81 and its 200 day simple moving average is $57.61. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 0.50 and a beta of 1.21. OneMain has a 12-month low of $45.78 and a 12-month high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that OneMain will post 7.12 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio (DPR) is currently 63.25%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the transaction, the senior vice president owned 10,627 shares in the company, valued at approximately $680,128. This trade represents a 19.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is owned by insiders.

Institutional Trading of OneMain

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in OneMain during the 2nd quarter worth approximately $633,893,000. Dimensional Fund Advisors LP increased its stake in OneMain by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after purchasing an additional 308,370 shares in the last quarter. Janus Henderson Group PLC increased its stake in OneMain by 7.7% in the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 195,591 shares in the last quarter. Jupiter Topco LLC acquired a new stake in OneMain in the second quarter worth $166,060,000. Finally, Geode Capital Management LLC raised its holdings in OneMain by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock worth $164,017,000 after purchasing an additional 15,941 shares during the period. 85.82% of the stock is owned by institutional investors.

About OneMain

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.