Seaport Res Ptn Has Negative Outlook of OneMain Q4 Earnings

OneMain Holdings, Inc. (NYSE:OMF) – Stock analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for OneMain in a research note issued on Thursday, October 31st. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $0.97 per share for the quarter, down from their prior forecast of $1.05. The consensus estimate for OneMain’s current full-year earnings is $4.91 per share.

A number of other equities analysts have also commented on the company. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Compass Point increased their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday. Northland Securities increased their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JMP Securities increased their target price on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus target price of $55.08.

OneMain Stock Performance

OneMain stock opened at $49.78 on Monday. The firm has a market cap of $5.94 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.61 and a beta of 1.54. The business’s fifty day moving average is $47.15 and its two-hundred day moving average is $48.35. OneMain has a 52 week low of $36.52 and a 52 week high of $54.94.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.36%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 886 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other OneMain news, COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,792 shares of company stock valued at $2,032,859 over the last ninety days. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in OneMain by 3.1% during the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares in the last quarter. Capital International Investors increased its holdings in shares of OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after buying an additional 270,207 shares during the period. Clearbridge Investments LLC increased its holdings in shares of OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after buying an additional 24,338 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of OneMain by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after buying an additional 12,938 shares during the period. 85.82% of the stock is owned by 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.