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

OneMain Holdings, Inc. (NYSE:OMF) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $55.08.

Several brokerages recently issued reports on OMF. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th.

Insider Activity

In related news, CEO Douglas H. Shulman sold 5,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 412,474 shares of the company’s stock, valued at $21,861,122. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares in the company, valued at approximately $985,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the chief executive officer now owns 412,474 shares of the company’s stock, valued at $21,861,122. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,792 shares of company stock worth $2,032,859 in the last quarter. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMF. Vanguard Group Inc. grew its position in shares of OneMain by 3.1% during the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares in the last quarter. Capital International Investors lifted its holdings in OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares during the period. Dimensional Fund Advisors LP raised its holdings in OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after purchasing an additional 270,207 shares in the last quarter. Clearbridge Investments LLC boosted its stake in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after acquiring an additional 24,338 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in OneMain by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after buying an additional 12,938 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 0.2 %

Shares of NYSE OMF opened at $49.79 on Friday. The stock has a 50-day moving average price of $47.13 and a two-hundred day moving average price of $48.33. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.98 and a beta of 1.56. OneMain has a 12 month low of $36.52 and a 12 month high of $54.94.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 11.27% and a return on equity of 19.31%. During the same period in the prior year, the company posted $1.01 earnings per share. On average, sell-side analysts predict that OneMain will post 4.91 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 8.36%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

About OneMain

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.