Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $56.00

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are covering the stock, MarketBeat Ratings 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 target price among analysts that have covered the stock in the last year is $56.31.

OMF has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an "outperform" rating and set a $62.00 price target on shares of OneMain in a report on Thursday. Stephens assumed coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JMP Securities raised 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, October 31st.

OneMain Trading Up 0.6 %

OMF stock traded up $0.31 during midday trading on Thursday, hitting $54.74. The stock had a trading volume of 738,441 shares, compared to its average volume of 844,354. The business has a fifty day moving average price of $54.46 and a two-hundred day moving average price of $50.26. OneMain has a 1-year low of $41.70 and a 1-year high of $57.97. The firm has a market cap of $6.53 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.60%. OneMain's dividend payout ratio (DPR) is currently 91.03%.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction 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 $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael A. Hedlund sold 1,992 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company's stock, valued at $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,492 shares of company stock valued at $1,582,384. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On OneMain

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock valued at $159,465,000 after acquiring an additional 270,207 shares during the last quarter. State Street Corp grew its stake in OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock valued at $100,770,000 after purchasing an additional 16,615 shares during the period. Geode Capital Management LLC increased its position in shares of OneMain by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider's stock valued at $100,935,000 after purchasing an additional 13,978 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock worth $92,827,000 after purchasing an additional 24,338 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of OneMain by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock worth $66,483,000 after buying an additional 30,558 shares during the last quarter. Institutional investors 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.