Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $55.08

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have assigned 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 $55.08.

A number of brokerages have recently issued reports on OMF. JPMorgan Chase & Co. lowered their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Northland Securities raised their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the sale, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares in the company, valued at approximately $21,861,122. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,792 shares of company stock valued at $2,032,859. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in shares of OneMain in the second quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain during the 2nd quarter valued at $34,000. Blue Trust Inc. raised its stake in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 437 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

Shares of OMF opened at $54.48 on Friday. OneMain has a 1 year low of $36.52 and a 1 year high of $54.94. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54. The business has a 50-day moving average of $47.32 and a 200-day moving average of $48.44.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $1.04 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.64%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

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.