Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $58.36

OneMain Holdings, Inc. (NYSE:OMF) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $58.36.

A number of equities analysts recently commented on OMF shares. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. TCW Group Inc. boosted its stake in shares of OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares during the period. Quest Partners LLC lifted its position in OneMain by 430.4% during the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock worth $1,818,000 after acquiring an additional 31,341 shares during the period. Empowered Funds LLC grew its stake in shares of OneMain by 38.1% in the 3rd quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 9,349 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of OneMain by 143.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Down 3.4 %

Shares of OneMain stock opened at $54.78 on Monday. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The company has a market capitalization of $6.54 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.45 and a beta of 1.59. The company has a 50 day moving average of $54.59 and a 200 day moving average of $51.08.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s dividend payout ratio is currently 98.11%.

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.