Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) PT at $63.13

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $63.1250.

OMF has been the topic of a number of analyst reports. JMP Securities set a $70.00 price objective on shares of OneMain in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Citigroup reiterated an “outperform” rating on shares of OneMain in a report on Monday, November 3rd. Wall Street Zen upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneMain in a research report on Friday, October 31st.

OneMain Price Performance

Shares of OMF opened at $59.16 on Wednesday. OneMain has a 12 month low of $38.00 and a 12 month high of $63.24. The stock’s 50-day moving average is $58.08 and its two-hundred day moving average is $56.49. The stock has a market cap of $6.97 billion, a PE ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 1.37.

OneMain (NYSE:OMF) last announced its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.58 by $0.32. The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.During the same period last year, the business posted $1.31 EPS. On average, research analysts anticipate that OneMain will post 6.46 earnings per share for the current year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, November 10th. This represents a $4.20 annualized dividend and a yield of 7.1%. This is a boost from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio (DPR) is presently 71.19%.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the sale, the chief operating officer owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the sale, the chief executive officer owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. This trade represents a 13.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On OneMain

Large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new stake in OneMain in the second quarter valued at about $611,102,000. Norges Bank bought a new stake in shares of OneMain in the 2nd quarter valued at approximately $85,541,000. Certuity LLC increased its holdings in shares of OneMain by 107.6% in the 3rd quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock valued at $109,013,000 after acquiring an additional 1,000,654 shares during the last quarter. Nuveen LLC acquired a new stake in shares of OneMain during the 1st quarter valued at approximately $48,282,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in OneMain by 57.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock worth $110,958,000 after purchasing an additional 713,670 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

About OneMain

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.