OneMain Holdings, Inc. (NYSE:OMF) Receives $56.08 Average PT from Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $56.08.

Several equities analysts recently weighed in on OMF shares. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JMP Securities lifted their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Stephens assumed coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company.

Insider Activity

In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at $5,316,428. The trade was a 2.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the chief executive officer now directly owns 412,474 shares in the company, valued at $21,861,122. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,492 shares of company stock valued at $1,582,384. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in OneMain by 7.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 337 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of OneMain during the 2nd quarter worth about $203,000. Blue Trust Inc. lifted its stake in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Raymond James & Associates grew its holdings in shares of OneMain by 14.8% in the second quarter. Raymond James & Associates now owns 38,155 shares of the financial services provider’s stock worth $1,850,000 after purchasing an additional 4,916 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after buying an additional 12,938 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 0.1 %

Shares of OneMain stock opened at $53.06 on Friday. The business’s fifty day simple moving average is $53.26 and its 200 day simple moving average is $49.77. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The firm has a market capitalization of $6.33 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.84%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

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.