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

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the firm, Marketbeat Ratings 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 1 year price objective among brokerages that have covered the stock in the last year is $58.11.

OMF has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Evercore ISI assumed coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price on the stock. Finally, Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total transaction of $180,000.00. Following the transaction, the chief operating officer owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the completion of the sale, the chief executive officer directly owned 323,925 shares of the company's stock, valued at approximately $17,025,498. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,000 shares of company stock worth $5,082,190. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On OneMain

Hedge funds have recently modified their holdings of the company. Marshall Financial Group LLC bought a new position in OneMain during the second quarter valued at about $1,050,000. Wealth Enhancement Advisory Services LLC lifted its holdings in OneMain by 48.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,189 shares of the financial services provider's stock valued at $1,266,000 after acquiring an additional 6,920 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in shares of OneMain during the 2nd quarter valued at about $350,000. Range Financial Group LLC boosted its position in shares of OneMain by 4.9% during the 2nd quarter. Range Financial Group LLC now owns 31,547 shares of the financial services provider's stock valued at $1,798,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of OneMain by 34.1% in the 2nd quarter. Parallel Advisors LLC now owns 10,120 shares of the financial services provider's stock worth $577,000 after purchasing an additional 2,573 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

OMF traded up $0.80 during trading hours on Thursday, reaching $59.82. 1,783,644 shares of the stock traded hands, compared to its average volume of 1,064,970. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $60.12. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.51 and a beta of 1.32. The firm's fifty day simple moving average is $53.09 and its two-hundred day simple moving average is $51.77.

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

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 6.95%. OneMain's payout ratio is 87.95%.

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.