OneMain Holdings, Inc. (NYSE:OMF) Announces $1.04 Quarterly Dividend

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Tuesday, April 29th, RTT News reports. Stockholders of record on Friday, May 9th will be paid a dividend of 1.04 per share by the financial services provider on Friday, May 16th. This represents a $4.16 annualized dividend and a dividend yield of 8.44%.

OneMain has raised its dividend by an average of 17.3% per year over the last three years. OneMain has a payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OneMain to earn $8.22 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 50.6%.

OneMain Trading Up 1.0 %

NYSE:OMF opened at $49.29 on Tuesday. The stock has a 50-day moving average price of $47.97 and a two-hundred day moving average price of $51.76. OneMain has a 1 year low of $38.00 and a 1 year high of $58.90. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.15. OneMain had a net margin of 10.19% and a return on equity of 18.39%. Sell-side analysts forecast that OneMain will post 6.46 earnings per share for the current year.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OMF. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Northland Securities raised OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.17.

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.