OneMain Holdings, Inc. (NYSE:OMF) Receives $56.08 Consensus Target Price from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.08.

OMF has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. JMP Securities boosted their price objective on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of OneMain from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares of the company's stock, valued at $21,861,122. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the chief operating officer now directly owns 102,239 shares of the company's stock, valued at $5,316,428. This represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock worth $1,582,384 in the last three months. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Wealth Enhancement Advisory Services LLC lifted its position in shares of OneMain by 7.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider's stock worth $232,000 after purchasing an additional 337 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of OneMain in the second quarter valued at approximately $203,000. Blue Trust Inc. grew its stake 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 worth $38,000 after acquiring an additional 225 shares during the last quarter. Raymond James & Associates increased its position in OneMain by 14.8% during the second quarter. Raymond James & Associates now owns 38,155 shares of the financial services provider's stock worth $1,850,000 after acquiring an additional 4,916 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in OneMain by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider's stock valued at $56,713,000 after purchasing an additional 12,938 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Up 1.4 %

NYSE:OMF traded up $0.73 during trading hours on Friday, reaching $51.91. 1,494,892 shares of the company's stock were exchanged, compared to its average volume of 1,001,118. The company has a market capitalization of $6.20 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The business's 50-day simple moving average is $52.92 and its two-hundred day simple moving average is $49.69.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.01%. The ex-dividend date was Tuesday, November 12th. OneMain's payout ratio is currently 91.03%.

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.