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

OneMain Holdings, Inc. (NYSE:OMF) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $68.30.

OMF has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Wells Fargo & Company decreased their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Barclays decreased their price target on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th.

OneMain Trading Up 3.3%

Shares of OneMain stock opened at $62.45 on Thursday. The company’s fifty day simple moving average is $56.32 and its 200-day simple moving average is $59.06. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.45 and a beta of 1.24. OneMain has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. OneMain’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.72 earnings per share. As a group, research analysts forecast that OneMain will post 7.35 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.7%. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its holdings in shares of OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of OneMain in the fourth quarter valued at about $31,000. Atlantic Union Bankshares Corp bought a new stake in OneMain during the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC raised its holdings in OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in OneMain during the 3rd quarter worth about $46,000. 85.82% of the stock is owned by institutional investors.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.