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

Key Points

• OneMain Holdings has received an average recommendation of "Moderate Buy" from twelve ratings firms, with a target price of $60.50 over the next year.
• The firm reported earnings of $1.45 EPS for the last quarter, exceeding analyst expectations and demonstrating a 7.1% increase in revenue year-over-year.
• OneMain recently paid a dividend of $1.04 per share, yielding about 7.7%, with a payout ratio of 75.09%.

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $60.50.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $57.00 target price (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Barclays lifted their target price on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They issued an "equal weight" rating for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of OneMain in a report on Wednesday, October 8th. Finally, Wall Street Zen cut OneMain from a "buy" rating to a "hold" rating in a report on Saturday, October 11th.

OneMain Stock Performance

Shares of OneMain stock opened at $54.19 on Friday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32. The stock has a 50 day moving average price of $58.57 and a 200-day moving average price of $54.39. OneMain has a one year low of $38.00 and a one year high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. Sell-side analysts predict that OneMain will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 7.7%. OneMain's payout ratio is presently 75.09%.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneMain

Institutional investors and hedge funds have recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in OneMain during the 1st quarter valued at $27,000. SVB Wealth LLC bought a new stake in OneMain during the 1st quarter valued at $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in OneMain during the 1st quarter valued at $42,000. Headlands Technologies LLC bought a new position in shares of OneMain in the 1st quarter worth $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider's stock worth $47,000 after acquiring an additional 363 shares in the last quarter. 85.82% of the stock is owned by 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.

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