OneMain Holdings, Inc. (NYSE:OMF) Receives $61.50 Average Price Target from Analysts

Key Points

• OneMain Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from ten brokerages, with a 12-month target price averaging $61.50.
• Insiders, including the COO and CEO, have recently sold shares amounting to over $2 million collectively, indicating a decrease in their ownership of the stock.
• The company's recent earnings report revealed an earnings per share of $1.45, exceeding the consensus estimate by 0.20 and signaling a year-over-year revenue increase of 7.1%.

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has been given an average rating of "Moderate Buy" by the ten research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.50.

OMF has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company initiated coverage on shares of OneMain in a research report on Monday, August 25th. They set an "equal weight" rating for the company. Finally, Barclays upped their price objective on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th.

OneMain Stock Performance

OMF stock traded up $0.26 during midday trading on Friday, reaching $61.85. The stock had a trading volume of 642,396 shares, compared to its average volume of 853,194. The firm has a fifty day simple moving average of $58.04 and a two-hundred day simple moving average of $52.68. OneMain has a 52-week low of $38.00 and a 52-week high of $62.02. The stock has a market cap of $7.35 billion, a PE ratio of 11.16, a P/E/G ratio of 0.48 and a beta of 1.29.

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

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's payout ratio is 75.09%.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer owned 98,007 shares in the company, valued at approximately $5,880,420. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction that occurred 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 directly owned 275,100 shares in the company, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,000 shares of company stock worth $3,715,340. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its stake in OneMain by 6.3% during the second quarter. Orion Porfolio Solutions LLC now owns 18,442 shares of the financial services provider's stock worth $1,051,000 after buying an additional 1,099 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of OneMain by 5.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 321,007 shares of the financial services provider's stock worth $18,297,000 after buying an additional 16,975 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of OneMain during the 2nd quarter worth approximately $447,000. State of Wyoming increased its holdings in shares of OneMain by 540.3% during the 2nd quarter. State of Wyoming now owns 7,651 shares of the financial services provider's stock worth $436,000 after buying an additional 6,456 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of OneMain by 9.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider's stock worth $120,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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.