OneMain Holdings, Inc. (NYSE:OMF) Receives $51.54 Average Target Price from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $51.54.

Several brokerages have recently issued reports on OMF. Stephens dropped their target price on shares of OneMain from $61.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Northland Securities cut shares of OneMain from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. Piper Sandler cut shares of OneMain from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a report on Wednesday, January 10th. They issued a "buy" rating and a $68.00 target price on the stock.

OneMain Stock Up 1.3 %

Shares of NYSE OMF traded up $0.60 during midday trading on Tuesday, hitting $47.43. The stock had a trading volume of 1,230,135 shares, compared to its average volume of 1,045,501. The business's 50 day moving average is $48.00 and its 200-day moving average is $44.71. The company has a market cap of $5.68 billion, a P/E ratio of 8.92, a PEG ratio of 0.65 and a beta of 1.65. OneMain has a 52 week low of $33.67 and a 52 week high of $51.65.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same quarter in the prior year, the firm posted $1.56 earnings per share. As a group, analysts expect that OneMain will post 5.67 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 annualized dividend and a yield of 8.43%. OneMain's payout ratio is presently 75.19%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Peak Financial Advisors LLC bought a new stake in shares of OneMain during the 1st quarter valued at $340,000. FCF Advisors LLC raised its position in shares of OneMain by 29.9% during the 1st quarter. FCF Advisors LLC now owns 14,781 shares of the financial services provider's stock valued at $755,000 after purchasing an additional 3,405 shares during the period. Fulton Bank N.A. raised its position in shares of OneMain by 5.2% during the 1st quarter. Fulton Bank N.A. now owns 6,707 shares of the financial services provider's stock valued at $343,000 after purchasing an additional 329 shares during the period. Alaska Permanent Fund Corp raised its position in shares of OneMain by 1.1% during the 1st quarter. Alaska Permanent Fund Corp now owns 54,831 shares of the financial services provider's stock valued at $2,801,000 after purchasing an additional 609 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of OneMain during the 4th quarter valued at $9,139,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Company Profile

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.