OneMain - OMF Stock Forecast, Price & News

OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1920 and is based in Evansville, Indiana.

Analyst Ratings Changes

OMF has been the subject of a number of analyst reports. Wells Fargo & Company downgraded shares of OneMain from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $65.00 to $40.00 in a research note on Wednesday, July 13th. Barclays reduced their target price on shares of OneMain from $72.00 to $62.00 and set an "overweight" rating for the company in a report on Monday, July 11th. Compass Point reduced their target price on shares of OneMain to $63.00 in a report on Monday, July 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of OneMain from $75.00 to $53.00 in a report on Friday, July 29th. Finally, Citigroup cut their price target on shares of OneMain from $72.00 to $54.00 in a report on Monday, May 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $57.91.

OneMain Price Performance

NYSE:OMF traded up $0.72 during trading hours on Friday, reaching $39.89. 1,141,849 shares of the company were exchanged, compared to its average volume of 1,336,505. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 4.85 and a beta of 1.61. OneMain has a 52-week low of $34.22 and a 52-week high of $60.38. The stock has a 50 day simple moving average of $38.84 and a 200 day simple moving average of $44.22.

OneMain (NYSE:OMF - Get Rating) last issued its earnings results on Wednesday, July 27th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.07). OneMain had a net margin of 22.43% and a return on equity of 37.61%. During the same quarter in the previous year, the company posted $2.66 earnings per share. On average, analysts predict that OneMain will post 7.69 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 9.53%. The ex-dividend date is Friday, August 5th. OneMain's dividend payout ratio (DPR) is 46.17%.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman purchased 1,150 shares of the company's stock in a transaction that occurred on Monday, August 1st. The shares were purchased at an average price of $37.08 per share, with a total value of $42,642.00. Following the purchase, the chief executive officer now directly owns 337,936 shares of the company's stock, valued at approximately $12,530,666.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas H. Shulman acquired 1,150 shares of the firm's stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $37.08 per share, with a total value of $42,642.00. Following the acquisition, the chief executive officer now directly owns 337,936 shares in the company, valued at $12,530,666.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman acquired 1,000 shares of the firm's stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $40.23 per share, with a total value of $40,230.00. Following the completion of the acquisition, the chief executive officer now owns 349,612 shares in the company, valued at $14,064,890.76. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.