Analysts Set OneMain Holdings, Inc. (NYSE:OMF) PT at $58.36

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Five 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 brokerages that have covered the stock in the last year is $58.36.

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday. Compass Point lifted their price objective on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price objective on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st.

OneMain Stock Up 0.8 %

Shares of OneMain stock traded up $0.43 on Monday, reaching $55.25. The company's stock had a trading volume of 536,892 shares, compared to its average volume of 1,028,503. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.45 and a beta of 1.59. The firm's fifty day simple moving average is $54.59 and its two-hundred day simple moving average is $51.08. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.53%. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Hedge Funds Weigh In On OneMain

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its position in shares of OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock worth $1,305,000 after buying an additional 204 shares in the last quarter. SlateStone Wealth LLC lifted its position in shares of OneMain by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock worth $369,000 after buying an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after buying an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after buying an additional 234 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider's stock worth $95,000 after buying an additional 247 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.