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

OneMain Holdings, Inc. (NYSE:OMF) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $58.36.

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

OneMain Price Performance

NYSE:OMF opened at $49.38 on Friday. The company has a 50 day moving average price of $54.54 and a 200-day moving average price of $51.82. OneMain has a 1-year low of $41.70 and a 1-year high of $58.90. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Large investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new position in shares of OneMain during the 4th quarter worth $896,000. TCW Group Inc. raised its stake in 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 purchasing an additional 10,744 shares during the period. Quest Partners LLC boosted its holdings in OneMain by 430.4% in the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 31,341 shares during the last quarter. Empowered Funds LLC boosted its holdings in 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. Finally, 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 buying an additional 10,253 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.