FY2025 EPS Estimates for OneMain Lowered by Seaport Res Ptn

OneMain Holdings, Inc. (NYSE:OMF) – Research analysts at Seaport Res Ptn cut their FY2025 earnings estimates for shares of OneMain in a note issued to investors on Monday, February 3rd. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings of $6.15 per share for the year, down from their previous estimate of $6.80. The consensus estimate for OneMain’s current full-year earnings is $6.82 per share.

Several other brokerages also recently issued reports on OMF. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company lifted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a report on Monday. Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $57.15.

OneMain Price Performance

Shares of NYSE OMF opened at $56.80 on Thursday. OneMain has a 1 year low of $41.70 and a 1 year high of $58.90. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. The business has a 50-day moving average of $54.69 and a two-hundred day moving average of $50.94.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.32%. OneMain’s payout ratio is currently 98.11%.

Insider Activity

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after buying an additional 16,615 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after purchasing an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. lifted its position in OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares during the period. Finally, Argent Capital Management LLC raised its position in OneMain by 2.3% in the fourth quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after acquiring an additional 18,534 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

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.