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.

OneMain Stock Performance

Shares of NYSE:OMF traded up $0.72 during mid-day trading on Friday, reaching $39.89. The company's stock had a trading volume of 1,141,856 shares, compared to its average volume of 1,401,799. The stock has a 50-day moving average of $38.77 and a two-hundred day moving average of $44.13. The stock has a market capitalization of $4.93 billion, a P/E ratio of 4.85 and a beta of 1.61. OneMain has a 1-year low of $34.22 and a 1-year high of $60.38.

OneMain (NYSE:OMF - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate 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 business posted $2.66 earnings per share. Analysts predict that OneMain will post 7.69 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 8th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date was Friday, August 5th. OneMain's dividend payout ratio is currently 46.17%.

Wall Street Analyst Weigh In

OMF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of OneMain from $75.00 to $53.00 in a research note on Friday, July 29th. Piper Sandler lowered their price objective on shares of OneMain from $70.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 29th. Citigroup lowered their price objective on shares of OneMain from $72.00 to $54.00 in a research note on Monday, May 2nd. JMP Securities lowered their price objective on shares of OneMain from $68.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Friday, July 15th. Finally, Wells Fargo & Company cut shares of OneMain from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $65.00 to $40.00 in a research note on Wednesday, July 13th. Five equities research 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 stock presently has an average rating of "Moderate Buy" and an average price target of $57.91.

Insider Buying and Selling

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