OneMain Holdings, Inc. (NYSE:OMF) Stock Has Consensus Target Price of $67.73

by · The Cerbat Gem

OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $67.73.

Several analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of OneMain from $71.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Citizens Jmp increased their target price on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. TD Cowen boosted their price target on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of OneMain in a research report on Friday, July 10th.

Check Out Our Latest Stock Analysis on OMF

OneMain Stock Performance

OMF opened at $56.29 on Friday. OneMain has a one year low of $45.78 and a one year high of $71.93. The company has a market cap of $6.48 billion, a P/E ratio of 8.48, a PEG ratio of 0.45 and a beta of 1.24. The business’s 50-day simple moving average is $62.00 and its 200-day simple moving average is $58.47.

OneMain (NYSE:OMF – Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. As a group, analysts predict that OneMain will post 6.83 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, August 10th. OneMain’s payout ratio is presently 63.25%.

Insider Activity

In related news, COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Hedlund sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the transaction, the senior vice president owned 10,627 shares in the company, valued at $680,128. This represents a 19.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneMain

Several large investors have recently modified their holdings of OMF. Freestone Grove Partners LP acquired a new position in shares of OneMain in the 2nd quarter valued at $61,000. Parkside Financial Bank & Trust raised its position in OneMain by 32.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 246 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in OneMain by 37.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,180 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 320 shares during the period. Root Financial Partners LLC boosted its stake in OneMain by 128.4% during the 1st quarter. Root Financial Partners LLC now owns 1,222 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 687 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in OneMain during the 2nd quarter worth $73,000. 85.82% of the stock is owned by institutional investors and hedge funds.

About OneMain

(Get Free Report)

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company focused on providing personal loans to customers in the United States. Its products are primarily unsecured and secured installment loans designed for purposes such as debt consolidation, home improvements, unexpected expenses and major purchases.

OneMain also offers optional insurance products and other ancillary services related to its lending activities. The company serves customers through a combination of local branches, online platforms and digital application tools, supporting borrowers who may not be served by traditional banks.

OneMain’s history traces back to consumer-finance operations established in the early 20th century.

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