OneMain Holdings, Inc. (NYSE:OMF) Declares $1.04 Quarterly Dividend

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Tuesday, April 29th, RTT News reports. Stockholders of record on Friday, May 9th will be given a dividend of 1.04 per share by the financial services provider on Friday, May 16th. This represents a $4.16 annualized dividend and a dividend yield of 8.56%.

OneMain has raised its dividend by an average of 17.3% annually over the last three years. OneMain has a dividend payout ratio of 51.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $8.22 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 50.6%.

OneMain Stock Down 1.1 %

NYSE OMF opened at $48.62 on Wednesday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain has a 52 week low of $38.00 and a 52 week high of $58.90. The business has a 50 day moving average price of $47.82 and a 200-day moving average price of $51.74.

OneMain (NYSE:OMF) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.55 by $0.17. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. On average, equities research analysts anticipate that OneMain will post 6.46 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OMF has been the topic of several analyst reports. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. Northland Capmk raised OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Northland Securities raised OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $58.17.

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.