Seaport Res Ptn Reduces Earnings Estimates for OneMain

OneMain Holdings, Inc. (NYSE:OMF) – Stock analysts at Seaport Res Ptn cut their FY2025 EPS estimates for OneMain in a report released on Monday, February 3rd. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will post earnings per share of $6.15 for the year, down from their previous estimate of $6.80. The consensus estimate for OneMain’s current full-year earnings is $6.82 per share.

OMF has been the topic of a number of other research reports. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday. Finally, Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.15.

OneMain Price Performance

Shares of OMF stock opened at $56.85 on Thursday. The firm has a fifty day moving average price of $54.69 and a 200-day moving average price of $50.98. OneMain has a 1 year low of $41.70 and a 1 year high of $58.90. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.48 and a beta of 1.59.

Institutional Investors Weigh In On OneMain

A number of institutional investors have recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. purchased a new position in shares of OneMain in the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new position in OneMain during the 4th quarter valued at about $26,000. Albion Financial Group UT purchased a new stake in shares of OneMain during the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the third quarter worth about $28,000. Finally, IFP Advisors Inc raised its stake in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by insiders.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be paid a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.32%. 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.