Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $67.80

OneMain Holdings, Inc. (NYSE:OMF) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat.com reports. One 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 analysts that have covered the stock in the last year is $67.80.

OMF has been the topic of several research analyst reports. Barclays cut their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Truist Financial lowered their target price on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Wells Fargo & Company cut their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the sale, the chief operating officer directly owned 96,250 shares of the company’s stock, valued at $5,967,500. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the completion of the sale, the senior vice president owned 13,127 shares in the company, valued at approximately $813,874. The trade was a 12.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On OneMain

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in OneMain by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after purchasing an additional 50,521 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in OneMain during the 4th quarter valued at about $5,310,000. JPMorgan Chase & Co. grew its holdings in OneMain by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after buying an additional 72,688 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of OneMain by 39.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 126,492 shares of the financial services provider’s stock valued at $8,553,000 after buying an additional 35,466 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of OneMain during the first quarter valued at about $1,638,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 0.0%

OneMain stock opened at $59.72 on Monday. OneMain has a 52 week low of $45.78 and a 52 week high of $71.93. The company’s 50 day moving average price is $57.44 and its two-hundred day moving average price is $57.90. The stock has a market cap of $6.90 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.46 and a beta of 1.22.

OneMain (NYSE:OMF) last released its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.OneMain’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. On average, equities analysts anticipate that OneMain will post 7.14 EPS for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio is currently 62.50%.

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.