Shares of OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $68.30.
Several brokerages have issued reports on OMF. Evercore set a $55.00 target price on shares of OneMain in a report on Tuesday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company reduced their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Finally, Barclays reduced their price target on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th.
View Our Latest Stock Analysis on OneMain
OneMain Stock Performance
OneMain (NYSE:OMF – Get Free Report) last issued its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. As a group, equities research analysts forecast that OneMain will post 7.38 EPS for the current fiscal year.
OneMain Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. OneMain’s payout ratio is currently 62.50%.
Insiders Place Their Bets
In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On OneMain
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in OneMain by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after buying an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC grew its position in OneMain by 24.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock valued at $17,945,000 after buying an additional 50,521 shares during the period. American Century Companies Inc. grew its position in OneMain by 3.4% during the third quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock valued at $60,156,000 after buying an additional 35,126 shares during the period. Dimensional Fund Advisors LP grew its position in OneMain by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after buying an additional 63,774 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of OneMain in the 3rd quarter worth $1,107,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Company Profile
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.
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