OneMain Holdings, Inc. (NYSE:OMF) Receives $55.46 Consensus Target Price from Analysts

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $55.46.

A number of research analysts have commented on the company. Stephens began coverage on OneMain in a report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price objective for the company. Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, October 7th. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, JMP Securities boosted their price target on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st.

OneMain Trading Down 0.5 %

OneMain stock opened at $57.13 on Wednesday. The firm has a market cap of $6.82 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.71 and a beta of 1.54. OneMain has a 1-year low of $37.93 and a 1-year high of $57.97. The firm has a 50-day moving average of $49.76 and a 200-day moving average of $48.85.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % 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, SVP Michael A. Hedlund sold 2,400 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now owns 25,747 shares of the company's stock, valued at approximately $1,184,362. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,792 shares of company stock valued at $2,187,784. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneMain

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in OneMain by 9.0% during the 2nd 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 period. State Street Corp lifted its position in OneMain by 0.8% during the third 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 boosted its holdings in OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider's stock worth $100,935,000 after purchasing an additional 13,978 shares during the last quarter. Clearbridge Investments LLC grew its position in OneMain by 1.3% in 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. raised its stake in OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock valued at $66,483,000 after buying an additional 30,558 shares during the last quarter. 85.82% of the stock is 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.