Shares of OneMain Holdings, Inc. (NYSE: OMF – Get a rating) earned a consensus “moderate buy” recommendation from the fourteen analysts who cover the company, Marketbeat reports. Five equity research analysts gave the stock a hold rating and five gave the company a buy rating. The 12-month average price target among brokerages that have rated the stock over the past year is $59.60.
Several equity research analysts have recently weighed in on OMF shares. Compass Point lowered its price target on OneMain shares to $63.00 in a Monday, July 4, research report. Deutsche Bank Aktiengesellschaft cut its price target on OneMain shares from $75.00 to $53.00 in a research note on Friday. Citigroup cut its price target on OneMain shares from $72.00 to $54.00 in a Monday, May 2 research note. Piper Sandler cut her price target on OneMain shares from $70.00 to $63.00 and set an “overweight” rating for the company in a Wednesday, June 29 research note. Finally, Barclays cut its price target on OneMain shares from $72.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday July 11.
OneMain Price Performance
OneMain stock opened at $37.20 on Friday. The stock has a market capitalization of $4.66 billion, a price-earnings ratio of 4.07 and a beta of 1.71. OneMain has a 1-year minimum of $34.22 and a 1-year maximum of $62.33. The company has a 50-day moving average of $39.83 and a two-hundred-day moving average of $45.12.
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OneMain (NYSE: OMF – Get a rating) last announced its quarterly results on Wednesday, July 27. The financial services provider reported earnings per share of $1.87 for the quarter, missing the consensus estimate of $1.94 per ($0.07). OneMain had a return on equity of 40.03% and a net margin of 25.60%. In the same quarter a year earlier, the firm posted earnings of $2.66 per share. Research analysts expect OneMain to post earnings per share of 8.49 for the current year.
OneMain Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12. Shareholders of record on Monday August 8 will receive a dividend of $0.95 per share. The ex-dividend date is Friday, August 5. This represents a dividend of $3.80 on an annualized basis and a yield of 10.22%. OneMain’s payout rate is 41.53%.
Insider activity
In other OneMain news, CEO Douglas H. Shulman acquired 2,500 shares of the company in a transaction dated Tuesday, May 10. The shares were acquired at an average cost of $40.64 per share, with a total value of $101,600.00. Following the acquisition, the CEO now directly owns 348,612 shares of the company, valued at $14,167,591.68. The purchase was disclosed in a document filed with the SEC, accessible via the SEC website. In other OneMain news, CEO Douglas H. Shulman acquired 1,000 shares of the company in a transaction dated Friday, May 20. The shares were acquired at an average cost of $40.23 per share, with a total value of $40,230.00. Following the acquisition, the CEO now directly owns 349,612 shares of the company, valued at $14,064,890.76. The purchase was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CEO Douglas H. Shulman acquired 2,500 shares of the company in a transaction dated Tuesday, May 10. The shares were acquired at an average cost of $40.64 per share, for a total transaction of $101,600.00. Following the completion of the acquisition, the CEO now directly owns 348,612 shares of the company, valued at $14,167,591.68. Disclosure of this purchase can be found here. Insiders own 0.13% of the shares of the company.
OneMain Institutional Trading
Several large investors have recently changed their positions in OMF. Lindbrook Capital LLC increased its holdings in OneMain by 66.3% in the first quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider worth $26,000 after buying 218 additional shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in OneMain by 129.0% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider worth $33,000 after buying an additional 400 shares in the last quarter. AGF Investments LLC acquired a new stake in OneMain during the first quarter at a value of $34,000. Key Financial Inc bought a new position in OneMain during the second quarter worth $37,000. Finally, Western Pacific Wealth Management LP bought a new position in OneMain during the fourth quarter worth $50,000. 84.43% of the shares are held by hedge funds and other institutional investors.
About OneMain
OneMain Holdings, Inc., a financial services holding company, operates in the consumer finance and insurance industries. The company originates, underwrites and services personal loans secured by automobiles, other titled or unsecured collateral. The company also offers 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.
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