OneMain (NYSE:OMF) Hits New 1-Year High – What’s Next?

OneMain Holdings, Inc. (NYSE:OMF)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $56.42 and last traded at $56.40, with a volume of 44227 shares traded. The stock had previously closed at $55.57.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OMF shares. Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

OneMain Stock Up 1.9 %

The stock has a market cap of $6.76 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.68 and a beta of 1.54. The firm has a 50 day simple moving average of $49.39 and a 200-day simple moving average of $48.80.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at $5,520,550. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,792 shares of company stock valued at $2,187,784. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC bought a new stake in shares of OneMain in the third quarter valued at approximately $28,000. EdgeRock Capital LLC acquired a new stake in shares of OneMain during the 2nd quarter worth $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain in the second quarter worth $34,000. Blue Trust Inc. raised its stake in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares during the period. 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.