OneMain Holdings, Inc. (NYSE:OMF) Receives $68.30 Average Price Target from Analysts

OneMain Holdings, Inc. (NYSE:OMF) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $68.30.

Several analysts have issued reports on the company. Evercore set a $55.00 target price on OneMain in a report on Tuesday, March 17th. JPMorgan Chase & Co. lowered their price objective on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada lowered their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Barclays lowered their price objective on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th.

OneMain Stock Down 0.1%

OneMain stock opened at $56.06 on Wednesday. OneMain has a 52-week low of $45.78 and a 52-week high of $71.93. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.41 and a beta of 1.27. The company has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $60.16.

OneMain (NYSE:OMF) last issued 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 analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. On average, research analysts anticipate that OneMain will post 7.39 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 11th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.5%. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief operating officer owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently made changes to their positions in the stock. Meeder Advisory Services Inc. purchased a new position in shares of OneMain in the first quarter valued at approximately $216,000. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after buying an additional 308,370 shares during the period. Aviance Capital Partners LLC boosted its stake in shares of OneMain by 0.9% in the 1st quarter. Aviance Capital Partners LLC now owns 33,293 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 287 shares during the period. California Public Employees Retirement System boosted its stake in shares of OneMain by 13.0% in the 1st quarter. California Public Employees Retirement System now owns 266,073 shares of the financial services provider’s stock valued at $14,232,000 after buying an additional 30,506 shares during the period. Finally, Kera Capital Partners Inc. boosted its stake in shares of OneMain by 38.2% in the 1st quarter. Kera Capital Partners Inc. now owns 4,350 shares of the financial services provider’s stock valued at $233,000 after buying an additional 1,203 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.