OneMain Holdings, Inc. (NYSE:OMF) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $59.17.

A number of research analysts have issued reports on the company. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Stephens reissued an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Evercore ISI assumed coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price on the stock. Finally, JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of OneMain

Several hedge funds have recently modified their holdings of OMF. Ieq Capital LLC acquired a new stake in OneMain in the fourth quarter worth $896,000. PNC Financial Services Group Inc. grew its stake in shares of OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after buying an additional 569 shares during the period. IFP Advisors Inc raised 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 buying an additional 495 shares during the period. TCW Group Inc. increased its stake in OneMain by 23.7% during the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock valued at $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock worth $819,000 after buying an additional 10,253 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Price Performance

OMF traded down $3.75 during trading on Tuesday, hitting $40.99. 2,467,562 shares of the stock traded hands, compared to its average volume of 1,005,547. The business has a 50 day moving average price of $52.22 and a 200 day moving average price of $52.02. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.44 and a beta of 1.35. OneMain has a twelve month low of $39.55 and a twelve month high of $58.90.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 10.15%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is presently 98.11%.

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.