OneMain Holdings Inc (NYSE:OMF) has received a consensus rating of “Buy” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.06.
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on OneMain from $25.50 to $29.00 and gave the company an “overweight” rating in a report on Wednesday. Credit Suisse Group reduced their price target on OneMain from $59.00 to $36.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Piper Sandler reduced their price target on OneMain from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and issued a $45.00 price target on shares of OneMain in a research report on Wednesday, June 17th. Finally, Barclays increased their target price on OneMain from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday.
In related news, CFO Micah R. Conrad acquired 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $18.86 per share, with a total value of $47,150.00. Following the purchase, the chief financial officer now directly owns 25,299 shares of the company’s stock, valued at $477,139.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.45% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of OMF. Advisor Group Inc. lifted its stake in shares of OneMain by 619.0% in the 4th quarter. Advisor Group Inc. now owns 4,875 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 4,197 shares during the last quarter. UBS Group AG lifted its stake in shares of OneMain by 19.8% during the 4th quarter. UBS Group AG now owns 44,134 shares of the financial services provider’s stock worth $1,860,000 after acquiring an additional 7,288 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of OneMain by 4.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 114,726 shares of the financial services provider’s stock worth $4,836,000 after acquiring an additional 4,933 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of OneMain by 18.4% during the 4th quarter. Advisors Asset Management Inc. now owns 7,421 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of OneMain by 29.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 379 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.
OMF stock opened at $28.70 on Wednesday. OneMain has a fifty-two week low of $12.21 and a fifty-two week high of $48.92. The business’s 50-day moving average is $25.02 and its two-hundred day moving average is $28.89. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 6.20 and a beta of 2.40.
OneMain (NYSE:OMF) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.58. OneMain had a return on equity of 17.28% and a net margin of 13.95%. The company had revenue of $806.00 million for the quarter, compared to the consensus estimate of $771.63 million. During the same quarter in the prior year, the company earned $1.62 earnings per share. On average, sell-side analysts anticipate that OneMain will post 1.65 EPS for the current year.
The business also recently disclosed a None dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be paid a $2.33 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, August 7th. OneMain’s payout ratio is 19.64%.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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