OneMain Holdings, Inc. (NYSE:OMF) Receives $55.08 Consensus Target Price from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.08.

A number of analysts have weighed in on the stock. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday. Northland Securities lifted their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. JMP Securities lifted their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, October 7th.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain 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 completion of the sale, the senior vice president now directly owns 25,747 shares of the company's stock, valued at approximately $1,184,362. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas H. Shulman sold 15,000 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares of the company's stock, valued at $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the business's stock in a transaction dated Monday, September 16th. The stock was 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 approximately $1,184,362. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,792 shares of company stock valued at $2,032,859. Corporate insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in OMF. EdgeRock Capital LLC bought a new stake in shares of OneMain during the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in OneMain in the 2nd quarter worth about $34,000. Blue Trust Inc. grew its position in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock worth $49,000 after purchasing an additional 304 shares in the last quarter. Finally, UMB Bank n.a. grew its position in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after purchasing an additional 437 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 0.2 %

OneMain stock traded up $0.11 during mid-day trading on Friday, reaching $49.78. The company had a trading volume of 1,037,100 shares, compared to its average volume of 1,080,618. OneMain has a fifty-two week low of $36.52 and a fifty-two week high of $54.94. The company has a market cap of $5.94 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.61 and a beta of 1.54. The business has a fifty day simple moving average of $47.15 and a 200 day simple moving average of $48.35.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.12. OneMain had a net margin of 11.27% and a return on equity of 19.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter last year, the business posted $1.01 earnings per share. Research analysts forecast that OneMain will post 4.91 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is currently 91.03%.

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.