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

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $67.55.

OMF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Bank of America cut their target price on OneMain from $71.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Evercore set a $60.00 target price on OneMain in a research report on Thursday, October 1st. Barclays decreased their price target on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th.

Insider Activity

In other OneMain news, SVP Michael Hedlund sold 2,500 shares of OneMain stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah Conrad sold 5,000 shares of OneMain stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the sale, the chief operating officer owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Institutional Trading of OneMain

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in OneMain in the second quarter valued at approximately $633,893,000. Dimensional Fund Advisors LP grew its stake in shares of OneMain by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after purchasing an additional 308,370 shares during the last quarter. Janus Henderson Group PLC grew its position in OneMain by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after buying an additional 195,591 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of OneMain in the second quarter valued at about $166,060,000. Finally, State Street Corp boosted its holdings in OneMain by 1.8% in the 2nd quarter. State Street Corp now owns 2,451,937 shares of the financial services provider’s stock valued at $149,495,000 after purchasing an additional 42,917 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF stock opened at $55.99 on Friday. The firm’s 50-day moving average is $61.46 and its two-hundred day moving average is $58.57. OneMain has a 12 month low of $45.78 and a 12 month high of $71.93. The company has a market capitalization of $6.44 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.45 and a beta of 1.24.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. OneMain’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. Sell-side analysts forecast that OneMain will post 6.75 EPS for the current year.

OneMain Announces Dividend

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

OneMain Company Profile

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.