OneMain Holdings, Inc. (NYSE:OMF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $55.25.

A number of brokerages have recently commented on OMF. JMP Securities raised their price target on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Northland Securities increased their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Finally, Barclays decreased their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th.

OneMain Price Performance

Shares of OMF opened at $48.56 on Friday. OneMain has a 12 month low of $35.00 and a 12 month high of $54.94. The stock has a fifty day moving average price of $48.17 and a 200 day moving average price of $48.75. The company has a market cap of $5.82 billion, a P/E ratio of 9.47, a PEG ratio of 0.72 and a beta of 1.56.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter last year, the business earned $1.01 earnings per share. As a group, research analysts anticipate that OneMain will post 5.2 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s payout ratio is 81.09%.

Insider Activity

In other news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the transaction, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. The disclosure for this sale can be found here. Insiders have sold 21,614 shares of company stock worth $1,009,575 over the last 90 days. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of OneMain in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain during the 2nd quarter worth $34,000. Blue Trust Inc. raised its holdings in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in OneMain during the 4th quarter worth $47,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

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.