Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $58.17

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $57.64.

A number of brokerages recently commented on OMF. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Stephens reiterated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

A number of institutional investors and hedge funds have recently bought and sold shares of OMF. SlateStone Wealth LLC raised its position in shares of OneMain by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in OneMain by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 234 shares during the period. Avitas Wealth Management LLC raised its stake in shares of OneMain by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after purchasing an additional 256 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its stake in shares of OneMain by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock worth $317,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Up 2.2 %

Shares of OneMain stock traded up $1.03 during mid-day trading on Friday, reaching $48.10. 196,763 shares of the stock traded hands, compared to its average volume of 1,203,346. The business has a 50-day moving average of $47.68 and a 200 day moving average of $51.71. The stock has a market capitalization of $5.74 billion, a PE ratio of 11.34, a PEG ratio of 0.44 and a beta of 1.35. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.45 earnings per share. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that OneMain will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio (DPR) is 98.11%.

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.