Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $68.40

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.40.

A number of analysts have recently weighed in on the company. Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Barclays lowered their price target on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. Finally, Truist Financial raised their price target on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, July 30th.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer owned 91,250 shares in the company, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,348 shares of company stock worth $911,576 over the last three months. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On OneMain

A number of large 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% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. Core Wealth Advisors LLC purchased a new stake in OneMain in the fourth quarter worth $31,000. Atlantic Union Bankshares Corp bought a new stake in OneMain in the fourth quarter valued at $36,000. Transamerica Financial Advisors LLC boosted its holdings in OneMain by 88.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Activest Wealth Management increased its position in OneMain by 37.6% during the 4th quarter. Activest Wealth Management now owns 794 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 217 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Trading Down 0.0%

NYSE OMF opened at $65.66 on Friday. OneMain has a 1-year low of $45.78 and a 1-year high of $71.93. The stock has a 50-day moving average of $60.41 and a 200-day moving average of $57.61. The firm has a market cap of $7.55 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. As a group, equities research analysts forecast that OneMain will post 7.12 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio is currently 63.25%.

About OneMain

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.