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

Key Points

• Analysts rate OneMain Holdings a “Moderate Buy.” Eight of 12 analysts recommend buying the stock, with an average 12-month price target of $68.40.
• OneMain exceeded quarterly expectations, reporting $1.31 in EPS versus a $1.26 estimate and revenue of $1.62 billion, up 6.7% year over year.
• The company declared a quarterly dividend of $1.05 per share, equivalent to a 6.4% annualized yield and $4.20 per year.

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $68.40.

OMF has been the subject of a number of recent research reports. Citizens Jmp upped their price objective on shares of OneMain from $68.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OneMain in a research report on Tuesday, July 7th. BTIG Research reiterated a "neutral" rating on shares of OneMain in a research note on Thursday, April 16th. Royal Bank Of Canada increased their price objective on OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of OneMain in a research note on Friday, July 10th.

OneMain Stock Up 1.2%

NYSE OMF opened at $65.41 on Friday. The stock has a market capitalization of $7.52 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.49 and a beta of 1.21. OneMain has a 12-month low of $45.78 and a 12-month high of $71.93. The company has a 50 day moving average price of $60.20 and a two-hundred day moving average price of $57.61.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. OneMain's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. As a group, equities analysts anticipate that OneMain will post 7.12 EPS for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, August 10th. OneMain's dividend payout ratio (DPR) is 63.25%.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,500 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares in the company, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the sale, the chief operating officer directly owned 96,250 shares of the company's stock, valued at approximately $5,967,500. This represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 14,348 shares of company stock worth $911,576. Corporate insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OMF. CIBC Private Wealth Group LLC grew its position in shares of OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Core Wealth Advisors LLC acquired a new position in shares of OneMain during the 4th quarter worth about $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of OneMain during the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC boosted its stake in OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 314 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in OneMain during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Company Profile

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.

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