Analysts Set Expectations for OneMain FY2025 Earnings

OneMain Holdings, Inc. (NYSE:OMF) – Equities researchers at Seaport Res Ptn lowered their FY2025 EPS estimates for OneMain in a research note issued to investors on Monday, February 3rd. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will post earnings per share of $6.15 for the year, down from their previous estimate of $6.80. The consensus estimate for OneMain’s current full-year earnings is $6.82 per share.

A number of other analysts also recently weighed in on OMF. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. decreased their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday. Finally, Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.15.

OneMain Price Performance

Shares of NYSE:OMF opened at $56.80 on Thursday. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.48 and a beta of 1.59. OneMain has a one year low of $41.70 and a one year high of $58.90. The firm has a 50 day simple moving average of $54.69 and a 200 day simple moving average of $50.94.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

A number of hedge funds have recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain in the fourth quarter valued at $26,000. Albion Financial Group UT acquired a new stake in OneMain during the fourth quarter worth about $26,000. Continuum Advisory LLC purchased a new position in shares of OneMain during the 3rd quarter valued at approximately $28,000. Finally, IFP Advisors Inc raised its position in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 495 shares during the period. 85.82% of the stock is 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.