OneMain Holdings, Inc. (NYSE:OMF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $58.36.

Several brokerages have weighed in on OMF. Wells Fargo & Company increased their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

Institutional Trading of OneMain

Large investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the 4th quarter worth $26,000. Albion Financial Group UT acquired a new position in shares of OneMain during the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the third quarter worth $28,000. Finally, IFP Advisors Inc increased its holdings in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Trading Down 1.7 %

NYSE OMF opened at $49.38 on Friday. The stock has a market cap of $5.89 billion, a PE ratio of 11.65, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The stock has a fifty day simple moving average of $54.54 and a 200-day simple moving average of $51.82.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.42%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.