Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $54.83

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.83.

A number of research firms have recently issued reports on OMF. BMO Capital Markets increased their price objective on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. JMP Securities dropped their price target on shares of OneMain from $62.00 to $59.00 and set a “market outperform” rating on the stock in a research report on Tuesday, June 4th. TD Cowen raised their price target on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,500 shares of company stock worth $1,500,055. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in OneMain by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after buying an additional 200 shares during the period. Blue Trust Inc. boosted its holdings in OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the period. US Bancorp DE boosted its holdings in OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 245 shares during the period. Quadrant Capital Group LLC boosted its holdings in OneMain by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 251 shares during the period. Finally, Allworth Financial LP boosted its holdings in OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 271 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

OMF stock opened at $48.74 on Friday. The stock has a market capitalization of $5.84 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. The company’s 50-day moving average is $49.20 and its 200-day moving average is $48.53. OneMain has a 1 year low of $35.00 and a 1 year high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, analysts anticipate that OneMain will post 5.57 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a $1.04 dividend. This is a positive change from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.54%. OneMain’s dividend payout ratio (DPR) is 81.09%.

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.