Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $58.11

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 company, 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 12 month price target among analysts that have issued a report on the stock in the last year is $58.11.

Several research firms have recently weighed in on OMF. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th.

OneMain Trading Down 1.2%

Shares of NYSE OMF traded down $0.70 during trading hours on Thursday, hitting $59.12. 173,906 shares of the company traded hands, compared to its average volume of 1,061,977. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. The company's 50 day moving average price is $53.34 and its 200 day moving average price is $51.82. OneMain has a 12 month low of $38.00 and a 12 month high of $60.12.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.17. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. Equities analysts anticipate that OneMain will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.04%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio is 87.95%.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value 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 represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $52.56, for a total value of $1,051,200.00. Following the completion of the sale, the chief executive officer owned 323,925 shares of the company's stock, valued at $17,025,498. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock valued at $5,082,190 over the last quarter. Company insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On OneMain

Hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its stake in shares of OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after purchasing an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after purchasing an additional 569 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of OneMain by 56.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider's stock worth $5,966,000 after purchasing an additional 43,915 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after purchasing an additional 662 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of OneMain by 5.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 1,441 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other 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.