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

OneMain Holdings, Inc. (NYSE:OMF) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $58.40.

Several research firms have recently issued reports on OMF. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Evercore ISI began coverage on OneMain in a research report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th.

OneMain Stock Up 0.9%

NYSE:OMF opened at $54.15 on Friday. OneMain has a 12-month low of $38.00 and a 12-month high of $58.90. The firm has a market capitalization of $6.44 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.46 and a beta of 1.31. The stock’s fifty day simple moving average is $50.13 and its 200-day simple moving average is $51.48.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.45 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that OneMain will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.68%. The ex-dividend date was Friday, May 9th. OneMain’s payout ratio is presently 87.95%.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the sale, the chief operating officer now owns 108,007 shares of the company’s stock, valued at $5,639,045.47. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now directly owns 343,925 shares in the company, valued at $16,332,998.25. This represents a 6.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $4,499,500 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of OneMain

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of OneMain in the 1st quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in shares of OneMain in the 1st quarter valued at about $34,000. IFP Advisors Inc raised its stake in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of OneMain in the first quarter valued at about $42,000. Finally, Headlands Technologies LLC acquired a new stake in shares of OneMain in the first quarter valued at about $46,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.