OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $56.31.
OMF has been the subject of several recent analyst reports. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of OneMain in a report on Thursday, January 16th.
Read Our Latest Research Report on OMF
Insider Activity at OneMain
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of OneMain by 6.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 275,013 shares of the financial services provider’s stock valued at $14,336,000 after purchasing an additional 15,778 shares during the period. Albion Financial Group UT bought a new stake in OneMain in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its position in shares of OneMain by 25.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,900 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,200 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of OneMain by 40.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,254 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 1,502 shares during the period. Finally, My Legacy Advisors LLC bought a new stake in OneMain in the 4th quarter valued at $226,000. Institutional investors own 85.82% of the company’s stock.
OneMain Trading Down 0.0 %
OneMain stock opened at $54.73 on Thursday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 11.98, a PEG ratio of 0.44 and a beta of 1.58. The business has a 50-day moving average of $54.44 and a 200-day moving average of $50.37. OneMain has a 1 year low of $41.70 and a 1 year high of $57.97.
OneMain Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.
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.
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