OneMain Holdings, Inc. (NYSE:OMF) Given Average Rating of “Moderate Buy” by Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $55.25.

Several research firms have issued reports on OMF. JMP Securities raised their target price on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. BTIG Research assumed coverage on shares of OneMain in a research note on Friday, June 7th. They set a “neutral” rating for the company. Barclays reduced their price target on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $48.00, for a total value of $120,000.00. Following the transaction, the chief operating officer now directly owns 112,025 shares of the company’s stock, valued at $5,377,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,014 shares of company stock valued at $1,119,975. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of OneMain during the second quarter worth $31,000. International Assets Investment Management LLC purchased a new stake in OneMain during the 2nd quarter worth about $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of OneMain in the 4th quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 3.9 %

Shares of OMF stock opened at $50.15 on Friday. OneMain has a twelve month low of $35.00 and a twelve month high of $54.94. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.72 and a beta of 1.56. The company’s 50-day moving average price is $48.24 and its 200-day moving average price is $48.76.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, equities research analysts predict that OneMain will post 5.2 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.30%. OneMain’s dividend payout ratio (DPR) is 81.09%.

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.