Shares of OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $68.30.
OMF has been the subject of a number of research analyst reports. Barclays lowered their price objective on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Evercore set a $55.00 price target on OneMain in a research note on Tuesday, March 17th. Royal Bank Of Canada lowered their price target on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Wells Fargo & Company dropped their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th.
Check Out Our Latest Stock Analysis on OneMain
OneMain Price Performance
OneMain (NYSE:OMF – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the business earned $1.72 earnings per share. As a group, analysts anticipate that OneMain will post 7.35 EPS for the current year.
OneMain Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is 62.50%.
Insider Activity
In other OneMain news, SVP Michael A. Hedlund sold 1,848 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $114,576.00. Following the sale, the senior vice president directly owned 13,127 shares in the company, valued at $813,874. This represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief operating officer owned 101,250 shares in the company, valued at $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,848 shares of company stock valued at $724,576. 0.29% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On OneMain
Several large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its position in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the period. Core Wealth Advisors LLC acquired a new position in shares of OneMain in the fourth quarter worth $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of OneMain during the fourth quarter worth $36,000. Transamerica Financial Advisors LLC increased its position in shares of OneMain by 88.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 314 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of OneMain in the third quarter valued at $46,000. 85.82% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than OneMain
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.
