Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $68.30

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $68.30.

Several equities analysts have recently issued reports on OMF shares. Truist Financial lowered their price target on OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. JPMorgan Chase & Co. lowered their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Finally, Barclays lowered their price target on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On OneMain

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in OneMain by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after buying an additional 72,688 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in OneMain by 24.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after buying an additional 50,521 shares in the last quarter. American Century Companies Inc. increased its holdings in OneMain by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock worth $60,156,000 after buying an additional 35,126 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in OneMain by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock worth $224,723,000 after buying an additional 63,774 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in OneMain in the 3rd quarter worth about $1,107,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

OMF opened at $55.27 on Friday. The stock has a 50-day moving average price of $55.37 and a 200-day moving average price of $59.53. The firm has a market cap of $6.39 billion, a PE ratio of 8.23, a P/E/G ratio of 0.39 and a beta of 1.24. OneMain has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.OneMain’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. As a group, sell-side analysts anticipate that OneMain will post 7.38 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.