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

Key Points

• Analyst sentiment is positive overall: OneMain Holdings has a consensus rating of “Moderate Buy” from 12 analysts, with an average 12-month price target of $68.30.
• Recent earnings topped expectations: The company reported $1.95 EPS versus the expected $1.86 and revenue of $1.58 billion versus $1.27 billion, while quarterly revenue rose 6.7% year over year.
• Shareholder returns remain attractive: OneMain recently paid a quarterly dividend of $1.05 per share, equal to an annualized yield of 7.6%.

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $68.30.

A number of brokerages have recently weighed in on OMF. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of OneMain from $81.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $63.00 to $55.00 and set an "underweight" rating on the stock in a report on Thursday, April 9th. Evercore set a $55.00 price objective on shares of OneMain in a report on Tuesday, March 17th. Stephens decreased their target price on shares of OneMain to $76.00 and set an "overweight" rating for the company in a research report on Friday, February 6th. Finally, TD Cowen restated a "buy" rating on shares of OneMain in a research report on Monday, May 4th.

OneMain Price Performance

Shares of OMF opened at $55.35 on Friday. The firm has a market capitalization of $6.40 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 0.41 and a beta of 1.27. OneMain has a 1-year low of $45.78 and a 1-year high of $71.93. The company's fifty day moving average price is $55.18 and its 200-day moving average price is $59.68.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. As a group, research analysts anticipate that OneMain will post 7.39 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. OneMain's payout ratio is currently 62.50%.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief operating officer directly owned 101,250 shares in the company, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group lifted its position in OneMain by 4.1% during the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider's stock valued at $286,000 after purchasing an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in OneMain by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 174 shares during the period. Geneos Wealth Management Inc. lifted its position in OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 176 shares during the period. Prime Capital Investment Advisors LLC lifted its position in OneMain by 3.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 177 shares during the period. Finally, New York State Teachers Retirement System lifted its position in OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider's stock valued at $595,000 after purchasing an additional 189 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

About OneMain

OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.