OneMain Holdings, Inc. (NYSE:OMF) Given Average Rating of “Moderate Buy” by Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $68.40.

A number of research firms have recently commented on OMF. Royal Bank Of Canada raised their price objective on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Evercore set a $66.00 price objective on shares of OneMain in a report on Monday, July 6th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Finally, Citizens Jmp increased their price objective on OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the 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 of the company’s stock, valued at approximately $680,128. This represents a 19.04% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Investors Weigh In On OneMain

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of OneMain during the 2nd quarter worth $633,893,000. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 7.6% during 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 grew its holdings in shares of OneMain by 7.7% during the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock worth $146,030,000 after purchasing an additional 195,591 shares during the last quarter. Jupiter Topco LLC acquired a new stake in OneMain in the second quarter valued at $166,060,000. Finally, Geode Capital Management LLC raised its position in shares of OneMain by 0.7% during 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 acquiring an additional 15,941 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OneMain stock opened at $61.83 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 9.31, a PEG ratio of 0.49 and a beta of 1.21. OneMain has a one year low of $45.78 and a one year high of $71.93. The firm has a fifty day moving average of $61.11 and a two-hundred day moving average of $57.57.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. As a group, equities analysts predict that OneMain will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio (DPR) is presently 63.25%.

OneMain Company Profile

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.