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

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $58.40.

Several equities analysts recently weighed in on OMF shares. Wells Fargo & Company cut their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. Finally, Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th.

OneMain Price Performance

Shares of OMF stock opened at $51.83 on Friday. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock's 50-day moving average is $49.14 and its two-hundred day moving average is $51.61. The firm has a market cap of $6.17 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. As a group, research analysts expect that OneMain will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.03%. OneMain's dividend payout ratio is currently 87.95%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 368,925 shares in the company, valued at $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer now owns 108,007 shares of the company's stock, valued at $5,639,045.47. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,000 shares of company stock worth $3,448,300. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC raised its stake in shares of OneMain by 11.7% during the 4th quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider's stock worth $287,000 after purchasing an additional 577 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in OneMain by 50.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 77,662 shares of the financial services provider's stock worth $4,046,000 after acquiring an additional 26,167 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in OneMain in the fourth quarter valued at $126,000. Blue Trust Inc. lifted its stake in OneMain by 36.9% in the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 450 shares during the last quarter. Finally, Vista Finance LLC bought a new position in shares of OneMain in the 4th quarter valued at about $331,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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