OneMain Holdings, Inc. (NYSE:OMF) Given Average Rating of "Moderate Buy" by Analysts

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%.

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.50.

Several equities analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Barclays boosted their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th.

OneMain Trading Down 2.2%

NYSE:OMF opened at $56.50 on Monday. OneMain has a 1-year low of $38.00 and a 1-year high of $60.33. The stock has a market cap of $6.72 billion, a P/E ratio of 10.20, a PEG ratio of 0.44 and a beta of 1.29. The stock has a 50 day simple moving average of $55.78 and a 200 day simple moving average of $52.39.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $1.02 earnings per share. The firm's quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that OneMain will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th will be given a dividend of $1.04 per share. The ex-dividend date is Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 7.4%. OneMain's dividend payout ratio is 75.09%.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief operating officer directly owned 98,007 shares in the company, valued at approximately $5,880,420. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the sale, the chief executive officer owned 275,100 shares of the company's stock, valued at approximately $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,000 shares of company stock valued at $3,976,390. Company insiders own 0.40% of the company's stock.

Institutional Trading of OneMain

Large investors have recently modified their holdings of the stock. Alpine Bank Wealth Management acquired a new stake in shares of OneMain during the 1st quarter worth approximately $27,000. SVB Wealth LLC acquired a new stake in OneMain in the first quarter worth $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in OneMain in the first quarter worth $42,000. Headlands Technologies LLC acquired a new stake in shares of OneMain in the 1st quarter valued at about $46,000. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the 2nd quarter valued at about $57,000. Institutional investors and hedge funds own 85.82% of the company's stock.

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.

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