OneMain Holdings, Inc. (NYSE:OMF) Receives $51.54 Consensus Price Target from Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $51.54.

Several research firms have recently issued reports on OMF. Piper Sandler lowered OneMain from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $49.00 in a report on Thursday, February 8th. Stephens cut their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. JMP Securities restated a “market outperform” rating and set a $57.00 price objective on shares of OneMain in a report on Wednesday. Northland Securities cut shares of OneMain from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $46.00 to $49.00 in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada raised their price target on shares of OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st.

OneMain Price Performance

OMF opened at $47.89 on Tuesday. OneMain has a fifty-two week low of $33.67 and a fifty-two week high of $51.65. The firm has a market capitalization of $5.74 billion, a PE ratio of 9.00, a P/E/G ratio of 0.66 and a beta of 1.65. The company’s 50-day moving average is $48.13 and its 200 day moving average is $44.75.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $913.90 million. During the same period in the prior year, the business posted $1.56 earnings per share. As a group, analysts expect that OneMain will post 5.67 EPS for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.35%. OneMain’s dividend payout ratio (DPR) is currently 75.19%.

Institutional Trading of OneMain

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of OneMain by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider’s stock worth $589,256,000 after purchasing an additional 51,537 shares during the period. Capital International Investors raised its position in shares of OneMain by 77.1% during the 1st quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock valued at $466,646,000 after buying an additional 4,284,232 shares in the last quarter. Brave Warrior Advisors LLC lifted its holdings in shares of OneMain by 21.1% during the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after acquiring an additional 1,118,166 shares during the last quarter. BlackRock Inc. grew its position in OneMain by 2.2% in the second quarter. BlackRock Inc. now owns 5,745,515 shares of the financial services provider’s stock worth $251,022,000 after acquiring an additional 123,513 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in OneMain by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,570,302 shares of the financial services provider’s stock valued at $224,860,000 after acquiring an additional 108,255 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.