OneMain Holdings, Inc. (NYSE:OMF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.17.

A number of brokerages have recently weighed in on OMF. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. JMP Securities reissued a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada upped 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 lifted 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. Finally, Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 target price for the company.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Trading of OneMain

A number of institutional investors have recently modified their holdings of OMF. Quantinno Capital Management LP lifted its position in OneMain by 0.7% during the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 204 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in shares of OneMain by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 234 shares during the period. Finally, Avitas Wealth Management LLC increased its holdings in OneMain by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 0.9 %

NYSE:OMF opened at $48.84 on Tuesday. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The stock has a fifty day simple moving average of $53.08 and a 200-day simple moving average of $52.08. The company has a market capitalization of $5.83 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.52%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 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.