OneMain Holdings, Inc. (NYSE:OMF) Receives $56.08 Consensus PT from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $56.08.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company upped their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Finally, Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

OneMain Stock Performance

NYSE OMF opened at $52.78 on Friday. The business’s fifty day moving average is $53.47 and its 200 day moving average is $49.81. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The company has a market capitalization of $6.30 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.88%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 1,992 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Several hedge funds and other institutional investors have recently bought and sold shares of OMF. Principal Financial Group Inc. increased its position in OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after acquiring an additional 87,084 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in OneMain by 12.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 733 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in OneMain in the 3rd quarter worth about $184,000. Sanctuary Advisors LLC lifted its stake in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 10,253 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock valued at $2,636,000 after buying an additional 10,744 shares during the period. Hedge funds and other 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.