OneMain Holdings, Inc. (NYSE:OMF) Receives $63.13 Consensus Target Price from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $63.1250.

A number of equities research analysts recently issued reports on OMF shares. JPMorgan Chase & Co. increased their price target on OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of OneMain in a research report on Friday, October 31st. Wells Fargo & Company started coverage on OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating on the stock. Finally, Royal Bank Of Canada boosted their price objective on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd.

OneMain Stock Performance

Shares of NYSE:OMF opened at $57.32 on Wednesday. OneMain has a 52-week low of $38.00 and a 52-week high of $63.24. The company has a market capitalization of $6.75 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.45 and a beta of 1.37. The company has a 50-day simple moving average of $57.93 and a 200 day simple moving average of $56.61.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the firm posted $1.31 earnings per share. As a group, equities analysts forecast that OneMain will post 6.46 earnings per share for the current year.

OneMain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio is 71.19%.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the sale, the chief operating officer owned 88,221 shares in the company, valued at $5,222,683.20. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the transaction, the chief executive officer owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. This represents a 13.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of OneMain

Several large investors have recently added to or reduced their stakes in OMF. Root Financial Partners LLC acquired a new position in OneMain in the third quarter valued at approximately $26,000. Activest Wealth Management grew its position in OneMain by 1,102.1% in the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 529 shares in the last quarter. Bayforest Capital Ltd lifted its position in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 574 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of OneMain during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 262 shares during the period. 85.82% of the stock is currently owned by hedge funds and other 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.