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

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $60.00.

OMF has been the subject of a number of research analyst reports. Barclays raised their target price on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lowered their target price on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Finally, Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th.

OneMain Trading Down 1.5%

NYSE OMF traded down $0.92 on Thursday, hitting $58.89. The company's stock had a trading volume of 697,950 shares, compared to its average volume of 1,066,861. OneMain has a 52-week low of $38.00 and a 52-week high of $60.12. The company's 50-day simple moving average is $53.53 and its 200 day simple moving average is $51.85. The firm has a market cap of $7.01 billion, a P/E ratio of 12.45, a PEG ratio of 0.51 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. On average, research analysts forecast that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the sale, the chief operating officer owned 108,007 shares of the company's stock, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction on 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 directly owned 368,925 shares of the company's stock, valued at approximately $18,446,250. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,000 shares of company stock valued at $5,082,190. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of OneMain

A number of institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division increased its holdings in shares of OneMain by 2.7% in the 2nd quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider's stock worth $461,000 after purchasing an additional 210 shares in the last quarter. SlateStone Wealth LLC increased its holdings in shares of OneMain by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock worth $369,000 after purchasing an additional 220 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after purchasing an additional 234 shares in the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of OneMain by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock worth $317,000 after purchasing an additional 281 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of OneMain by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock worth $1,813,000 after purchasing an additional 286 shares in the last quarter. Institutional investors 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.