Analysts Set OneMain Holdings, Inc. (NYSE:OMF) PT at $56.00

by · The Cerbat Gem

OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $56.31.

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. JMP Securities upped their price target on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of OneMain in a report on Thursday, January 16th. Finally, Stephens began coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company.

Get Our Latest Report on OMF

OneMain Stock Down 0.0 %

Shares of OMF stock opened at $54.73 on Thursday. OneMain has a 12-month low of $41.70 and a 12-month high of $57.97. The firm has a 50 day moving average price of $54.44 and a two-hundred day moving average price of $50.37. The company has a market capitalization of $6.53 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares of the company’s stock, valued at $21,861,122. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 in the last quarter. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several large investors have recently modified their holdings of OMF. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain during the 4th quarter valued at approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain during the 4th quarter valued at approximately $26,000. Continuum Advisory LLC bought a new position in OneMain during the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after buying an additional 264 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Company Profile

(Get Free Report

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.

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