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

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $51.54.

A number of brokerages recently commented on OMF. Northland Securities cut OneMain from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada increased their target price on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their price target on OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, JMP Securities restated a “market outperform” rating and set a $57.00 price objective on shares of OneMain in a research report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC purchased a new position in OneMain during the fourth quarter valued at approximately $1,649,000. Invesco Ltd. increased its holdings in shares of OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after acquiring an additional 151,226 shares during the period. Miller Howard Investments Inc. NY increased its holdings in shares of OneMain by 659.7% in the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock valued at $5,180,000 after acquiring an additional 91,429 shares during the period. Jump Financial LLC bought a new position in shares of OneMain in the 3rd quarter worth $1,351,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of OneMain during the 3rd quarter worth $855,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $47.89 on Tuesday. The firm has a market capitalization of $5.74 billion, a P/E ratio of 9.00, a PEG ratio of 0.66 and a beta of 1.65. OneMain has a one year low of $33.67 and a one year high of $51.65. The business has a fifty day moving average of $48.13 and a 200 day moving average of $44.75.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same period in the prior year, the company earned $1.56 earnings per share. Analysts expect that OneMain will post 5.67 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a yield of 8.35%. OneMain’s payout ratio is currently 75.19%.

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.