OneMain Holdings, Inc. (NYSE:OMF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $54.83.

A number of brokerages recently issued reports on OMF. TD Cowen upped their target price on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company increased their price objective on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th.

OneMain Trading Up 3.2 %

Shares of OneMain stock opened at $48.81 on Monday. The company has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $48.64. OneMain has a 12-month low of $35.00 and a 12-month high of $54.94. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.74 and a beta of 1.58.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.60%. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, analysts forecast that OneMain will post 5.37 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.52%. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock valued at $953,175 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of OneMain in the 4th quarter worth approximately $62,732,000. Brave Warrior Advisors LLC boosted its position in OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after purchasing an additional 1,118,166 shares in the last quarter. Capital International Investors grew its holdings in OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of OneMain by 7,566.2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after buying an additional 708,804 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.