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

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.46.

OMF has been the subject of a number of analyst reports. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JMP Securities raised their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Northland Securities lifted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Compass Point upped their target price on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at $1,047,350. The trade was a 10.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the firm’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 completion of the transaction, the chief operating officer now owns 110,411 shares in the company, valued at $5,520,550. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,792 shares of company stock valued at $2,187,784. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneMain

A number of large investors have recently bought and sold shares of OMF. Continuum Advisory LLC acquired a new position in shares of OneMain in the 3rd quarter valued at approximately $28,000. EdgeRock Capital LLC bought a new stake in OneMain during the second quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the 2nd quarter valued at $34,000. Blue Trust Inc. increased its stake in shares of OneMain by 43.4% in the 2nd 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 during the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after buying an additional 304 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

Shares of NYSE OMF opened at $57.13 on Wednesday. The business has a 50-day moving average of $49.59 and a 200-day moving average of $48.80. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.70 and a beta of 1.54. OneMain has a fifty-two week low of $37.93 and a fifty-two week high of $57.97.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

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.