FY2025 EPS Estimates for OneMain Reduced by Seaport Res Ptn

OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Investment analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for OneMain in a research note issued on Monday, February 3rd. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will earn $6.15 per share for the year, down from their previous forecast of $6.80. The consensus estimate for OneMain's current full-year earnings is $6.46 per share.

OMF has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their price target on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $58.36.

OneMain Stock Performance

Shares of OMF stock traded down $0.81 during trading hours on Thursday, hitting $55.73. The company had a trading volume of 651,971 shares, compared to its average volume of 1,048,104. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.45 and a beta of 1.59. OneMain has a 12 month low of $41.70 and a 12 month high of $58.90. The firm's fifty day moving average is $54.67 and its 200 day moving average is $51.01.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. This trade represents a 4.85 % 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 the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Legend Financial Advisors Inc. bought a new stake in OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain during the 4th quarter worth about $26,000. Albion Financial Group UT bought a new stake in shares of OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the 3rd quarter valued at approximately $28,000. Finally, IFP Advisors Inc boosted its stake in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after acquiring an additional 495 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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.