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

Shares of OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $58.36.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Stephens reissued an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd.

Insiders Place Their Bets

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

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OMF. Legend Financial Advisors Inc. acquired a new position in shares of OneMain during the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new position in OneMain in the fourth quarter valued at about $26,000. Albion Financial Group UT bought a new stake in OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC bought a new stake in shares of OneMain during the third quarter worth $28,000. Finally, IFP Advisors Inc increased its stake in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

NYSE OMF traded down $2.19 on Friday, hitting $46.78. 1,814,650 shares of the company were exchanged, compared to its average volume of 990,888. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The firm has a market capitalization of $5.58 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The company's 50 day moving average price is $54.39 and its 200-day moving average price is $51.88.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is presently 98.11%.

About OneMain

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.