OneMain Holdings, Inc. (NYSE:OMF) Stock Has Consensus Target Price of $67.73 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view of OneMain, with nine buys, three holds and one sell among 13 ratings. The average 12-month price target is $67.73, above the reported $56.01 share price.
• OneMain’s latest quarterly results exceeded expectations, with EPS of $1.31 versus the $1.26 consensus and revenue of $1.62 billion. Revenue increased 6.7% year over year.
• The company paid a quarterly dividend of $1.05 per share, equal to a 7.5% annualized yield; institutional investors and hedge funds own 85.82% of outstanding shares.

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.73.

A number of analysts recently issued reports on the stock. Bank of America decreased their target price on shares of OneMain from $71.00 to $67.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Citigroup reaffirmed a "market outperform" rating on shares of OneMain in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. TD Cowen increased their target price on OneMain from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Finally, Barclays decreased their price target on OneMain from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 7th.

Insider Activity at OneMain

In related news, SVP Michael Hedlund sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares of the company's stock, valued at approximately $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah Conrad sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the sale, the chief operating officer owned 91,250 shares of the company's stock, valued at approximately $5,967,750. The trade was a 5.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in OneMain during the second quarter valued at approximately $633,893,000. Dimensional Fund Advisors LP increased its position in shares of OneMain by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider's stock worth $232,258,000 after acquiring an additional 308,370 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of OneMain by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider's stock valued at $146,030,000 after acquiring an additional 195,591 shares during the period. Jupiter Topco LLC acquired a new position in shares of OneMain during the 2nd quarter valued at $166,060,000. Finally, State Street Corp lifted its holdings in shares of OneMain by 1.8% during the 2nd quarter. State Street Corp now owns 2,451,937 shares of the financial services provider's stock valued at $149,495,000 after acquiring an additional 42,917 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Trading Up 0.2%

NYSE:OMF opened at $56.01 on Friday. OneMain has a 12-month low of $45.78 and a 12-month high of $71.93. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.24. The company's 50-day moving average is $62.10 and its two-hundred day moving average is $58.37.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, equities research analysts forecast that OneMain will post 6.93 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, August 10th. OneMain's dividend payout ratio is presently 63.25%.

OneMain Company Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company focused on providing personal loans to customers in the United States. Its products are primarily unsecured and secured installment loans designed for purposes such as debt consolidation, home improvements, unexpected expenses and major purchases.

OneMain also offers optional insurance products and other ancillary services related to its lending activities. The company serves customers through a combination of local branches, online platforms and digital application tools, supporting borrowers who may not be served by traditional banks.

OneMain's history traces back to consumer-finance operations established in the early 20th century.

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