OneMain Holdings, Inc. (NYSE:OMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have received an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.4444.

Several equities analysts have recently issued reports on OMF shares. Stephens decreased their price objective on OneMain to $76.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Truist Financial decreased their price objective on OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wells Fargo & Company decreased their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Barclays decreased their price objective on OneMain from $71.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Finally, Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th.

OneMain Stock Up 0.4%

Shares of OMF stock opened at $57.68 on Friday. The stock has a market cap of $6.76 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The business has a 50-day simple moving average of $55.15 and a 200-day simple moving average of $59.82. OneMain has a 52-week low of $43.35 and a 52-week high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.04. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same quarter in the previous year, the firm posted $1.16 EPS. Sell-side analysts anticipate that OneMain will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s payout ratio is 63.93%.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the transaction, the chief operating officer owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On OneMain

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in OneMain by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after purchasing an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in OneMain by 24.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after purchasing an additional 50,521 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in OneMain by 84.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234,521 shares of the financial services provider’s stock worth $13,241,000 after purchasing an additional 107,204 shares during the period. D.A. Davidson & CO. raised its holdings in OneMain by 43.1% in the 3rd quarter. D.A. Davidson & CO. now owns 34,385 shares of the financial services provider’s stock worth $1,941,000 after purchasing an additional 10,357 shares during the period. Finally, American Century Companies Inc. raised its holdings in OneMain by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock worth $60,156,000 after purchasing an additional 35,126 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.