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

OneMain Holdings, Inc. (NYSE:OMF) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.36.

Several equities analysts recently issued reports on the company. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’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 sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently modified their holdings of OMF. Legend Financial Advisors Inc. purchased a new stake in OneMain in the 4th quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain in the 4th quarter worth $26,000. Albion Financial Group UT purchased a new stake in OneMain in the 4th quarter worth $26,000. Continuum Advisory LLC purchased a new stake in OneMain in the 3rd quarter worth $28,000. Finally, IFP Advisors Inc increased its stake in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Down 2.0 %

Shares of OMF opened at $45.33 on Friday. The stock has a market cap of $5.41 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90. The business’s 50 day moving average price is $54.04 and its 200-day moving average price is $51.82.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.18%. OneMain’s dividend payout ratio (DPR) is 98.11%.

About OneMain

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.