OneMain (NYSE:OMF) Reaches New 12-Month High at $53.65

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $53.65 and last traded at $52.69, with a volume of 601783 shares. The stock had previously closed at $50.85.

Analyst Ratings Changes

A number of research analysts have recently commented on OMF shares. Barclays cut their price objective on OneMain from $57.00 to $54.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on OneMain from $47.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Piper Sandler lowered shares of OneMain from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Finally, Wells Fargo & Company raised their price target on shares of OneMain from $43.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.54.

OneMain Stock Up 2.5 %

The stock's 50-day simple moving average is $48.78 and its 200 day simple moving average is $45.55. The firm has a market cap of $6.24 billion, a P/E ratio of 9.80, a PEG ratio of 0.70 and a beta of 1.65.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter in the prior year, the company earned $1.56 EPS. On average, research analysts forecast that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were paid a $1.00 dividend. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 7.68%. OneMain's dividend payout ratio is currently 75.19%.

Hedge Funds Weigh In On OneMain

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of OneMain by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,943,855 shares of the financial services provider's stock worth $587,638,000 after purchasing an additional 125,032 shares in the last quarter. Brave Warrior Advisors LLC grew its holdings in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider's stock valued at $315,707,000 after buying an additional 1,118,166 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of OneMain by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider's stock valued at $143,727,000 after buying an additional 78,106 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of OneMain by 10.2% during the fourth quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider's stock worth $94,291,000 after acquiring an additional 177,993 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in OneMain by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider's stock valued at $67,238,000 after acquiring an additional 367,823 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.