OneMain Holdings, Inc. (NYSE:OMF) Stock Has Consensus Price Target of $67.73

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.55.

A number of research firms have issued reports on OMF. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Friday, October 2nd. TD Cowen cut their target price on OneMain from $68.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial lifted their price objective on shares of OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Finally, Barclays decreased their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th.

OneMain Price Performance

NYSE:OMF opened at $56.00 on Friday. The business’s 50-day simple moving average is $61.74 and its 200-day simple moving average is $58.55. OneMain has a fifty-two week low of $45.78 and a fifty-two week high of $71.93. The stock has a market capitalization of $6.44 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.45 and a beta of 1.24.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company posted $1.45 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. On average, research analysts expect that OneMain will post 6.83 earnings per share for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.5%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio is presently 63.25%.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the transaction, the chief operating officer directly owned 91,250 shares in the company, valued at approximately $5,967,750. The trade was a 5.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds have recently bought and sold shares of OMF. Steph & Co. increased its position in OneMain by 36.3% during the third quarter. Steph & Co. now owns 1,708 shares of the financial services provider’s stock worth $95,000 after buying an additional 455 shares during the last quarter. CX Institutional acquired a new position in shares of OneMain during the 3rd quarter worth approximately $4,874,000. QRG Capital Management Inc. increased its holdings in shares of OneMain by 10.4% during the 2nd quarter. QRG Capital Management Inc. now owns 53,192 shares of the financial services provider’s stock worth $3,243,000 after acquiring an additional 5,025 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in OneMain by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 59,206 shares of the financial services provider’s stock valued at $3,609,000 after acquiring an additional 280 shares during the period. Finally, State Street Corp lifted its holdings in OneMain by 1.8% during the 2nd quarter. State Street Corp now owns 2,451,937 shares of the financial services provider’s stock valued at $149,495,000 after purchasing an additional 42,917 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Company Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company focused on providing personal loans to customers in the United States. Its products are primarily unsecured and secured installment loans designed for purposes such as debt consolidation, home improvements, unexpected expenses and major purchases.

OneMain also offers optional insurance products and other ancillary services related to its lending activities. The company serves customers through a combination of local branches, online platforms and digital application tools, supporting borrowers who may not be served by traditional banks.

OneMain’s history traces back to consumer-finance operations established in the early 20th century.