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

Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $59.17.

Several research firms recently issued reports on OMF. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. Evercore ISI began coverage on OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneMain

A number of large investors have recently bought and sold shares of OMF. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new position in OneMain during the 4th quarter worth $26,000. Albion Financial Group UT acquired a new stake in OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC bought a new stake in OneMain in the third quarter valued at $28,000. Finally, IFP Advisors Inc lifted its stake 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. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 0.9 %

Shares of NYSE:OMF opened at $48.84 on Tuesday. The company has a 50 day moving average of $53.08 and a two-hundred day moving average of $52.08. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

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.