Seaport Res Ptn Comments on OneMain's Q4 Earnings (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share (EPS) estimates for OneMain in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $0.97 per share for the quarter, down from their prior forecast of $1.05. The consensus estimate for OneMain's current full-year earnings is $4.91 per share.

Several other analysts have also recently issued reports on the company. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price target on OneMain from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, July 9th. Finally, Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and an average price target of $55.08.

OneMain Stock Up 0.7 %

OMF stock traded up $0.35 during midday trading on Monday, hitting $50.13. The company's stock had a trading volume of 889,959 shares, compared to its average volume of 1,002,188. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. OneMain has a 12 month low of $36.52 and a 12 month high of $54.94. The company has a 50 day moving average of $47.15 and a two-hundred day moving average of $48.36.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.30%. OneMain's dividend payout ratio is presently 91.03%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,400 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company's stock, valued at $1,184,362. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company's stock, valued at approximately $1,184,362. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares of the company's stock, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,792 shares of company stock worth $2,032,859 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the second quarter worth $34,000. Blue Trust Inc. raised its position in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock valued at $38,000 after buying an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock worth $49,000 after buying an additional 304 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Company Profile

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.