OneMain Holdings, Inc. (NYSE:OMF) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• OneMain Holdings, Inc. (NYSE:OMF) has received an average rating of "Moderate Buy" from ten research firms, with a 12-month price objective of $61.50.
• The company reported $1.45 earnings per share for the last quarter, exceeding analysts' expectations of $1.25, and achieved a revenue of $1.20 billion.
• OneMain recently announced a quarterly dividend of $1.04 per share, resulting in a dividend yield of 7.4% and a payout ratio of 75.09%.

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $61.50.

A number of equities analysts recently issued reports on the company. Barclays increased their target price on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price target on OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their price target on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares of the company's stock, valued at $16,360,197. The trade was a 11.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the transaction, the chief operating officer directly owned 108,007 shares of the company's stock, valued at $5,639,045.47. The trade was a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $3,976,390 in the last quarter. Company insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OMF. Alpine Bank Wealth Management bought a new stake in OneMain during the first quarter valued at approximately $27,000. SVB Wealth LLC bought a new stake in OneMain in the 1st quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider's stock worth $47,000 after buying an additional 363 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in OneMain in the 1st quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC lifted its position in OneMain by 2,940.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider's stock worth $52,000 after buying an additional 882 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

Shares of OneMain stock traded down $0.90 on Monday, reaching $55.52. 272,466 shares of the company's stock were exchanged, compared to its average volume of 1,117,483. The company has a market capitalization of $6.60 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.44 and a beta of 1.29. OneMain has a 52 week low of $38.00 and a 52 week high of $60.33. The firm's 50-day moving average is $56.05 and its two-hundred day moving average is $52.45.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the business earned $1.02 EPS. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 4th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $4.16 annualized dividend and a yield of 7.5%. OneMain's dividend payout ratio (DPR) is 75.09%.

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.