OneMain Holdings, Inc. (NYSE:OMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $54.83.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. JMP Securities decreased their price target on shares of OneMain from $62.00 to $59.00 and set a “market outperform” rating on the stock in a report on Tuesday, June 4th. BTIG Research initiated coverage on OneMain in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada upped their target price on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st.

OneMain Trading Up 1.0 %

OneMain stock opened at $48.49 on Friday. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.72 and a beta of 1.59. The firm has a 50 day simple moving average of $49.33 and a 200 day simple moving average of $48.51. OneMain has a 1-year low of $35.00 and a 1-year high of $53.65.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same period in the previous year, the business earned $1.46 earnings per share. On average, equities research analysts forecast that OneMain will post 5.57 EPS for the current year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a $1.04 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.58%. OneMain’s dividend payout ratio is 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the sale, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The disclosure for this sale can be found here. Insiders sold a total of 29,500 shares of company stock worth $1,500,055 over the last three months. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Several institutional investors and hedge funds have recently bought and sold shares of OMF. PNC Financial Services Group Inc. lifted its stake in OneMain by 12.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,276 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 358 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of OneMain during the 3rd quarter valued at about $277,000. Invesco Ltd. boosted its stake in shares of OneMain by 36.5% during the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after purchasing an additional 151,226 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of OneMain by 630.4% during the third quarter. Hsbc Holdings PLC now owns 36,183 shares of the financial services provider’s stock valued at $1,459,000 after buying an additional 31,229 shares during the period. Finally, Stifel Financial Corp raised its stake in OneMain by 53.5% in the third quarter. Stifel Financial Corp now owns 51,558 shares of the financial services provider’s stock worth $2,067,000 after buying an additional 17,969 shares in the last quarter. 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.