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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $54.00.

Several brokerages have recently commented on OMF. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Northland Securities upped their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Monday. Royal Bank of Canada reduced their price objective on OneMain from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday.

OneMain Price Performance

Shares of OMF opened at $46.35 on Tuesday. The company has a market capitalization of $5.55 billion, a P/E ratio of 9.04, a PEG ratio of 0.87 and a beta of 1.56. OneMain has a one year low of $35.00 and a one year high of $54.94. The business’s 50 day simple moving average is $46.72 and its 200-day simple moving average is $48.44.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same period in the previous year, the business earned $1.01 EPS. On average, sell-side analysts anticipate that OneMain will post 4.91 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the chief executive officer now owns 417,474 shares in the company, valued at $20,873,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 15,000 shares of the 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 transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $1,534,275 in the last quarter. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of large investors have recently added to or reduced their stakes in the company. Asio Capital LLC increased its holdings in OneMain by 1.7% during the 3rd quarter. Asio Capital LLC now owns 84,479 shares of the financial services provider’s stock worth $3,976,000 after purchasing an additional 1,445 shares in the last quarter. Peak Financial Advisors LLC increased its holdings in OneMain by 7.5% during the 3rd quarter. Peak Financial Advisors LLC now owns 9,278 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 648 shares in the last quarter. UMB Bank n.a. increased its holdings in OneMain by 13.9% during the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 247 shares in the last quarter. CWM LLC increased its holdings in OneMain by 8.9% during the 3rd quarter. CWM LLC now owns 37,144 shares of the financial services provider’s stock worth $1,748,000 after purchasing an additional 3,033 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in OneMain by 31.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,881 shares of the financial services provider’s stock worth $1,689,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

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.