FY2024 EPS Estimates for OneMain Lifted by Northland Capmk

OneMain Holdings, Inc. (NYSE:OMF) – Equities research analysts at Northland Capmk raised their FY2024 earnings per share estimates for shares of OneMain in a research report issued on Thursday, October 31st. Northland Capmk analyst M. Grondahl now anticipates that the financial services provider will earn $4.80 per share for the year, up from their previous estimate of $4.57. The consensus estimate for OneMain’s current full-year earnings is $4.91 per share. Northland Capmk also issued estimates for OneMain’s Q4 2024 earnings at $1.07 EPS and Q2 2025 earnings at $1.34 EPS.

OMF has been the topic of a number of other research reports. JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Northland Securities upped their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.08.

OneMain Stock Up 0.2 %

OMF stock opened at $49.78 on Monday. The business has a 50 day moving average price of $47.15 and a 200 day moving average price of $48.35. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54. OneMain has a fifty-two week low of $36.52 and a fifty-two week high of $54.94.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s payout ratio is currently 91.03%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the sale, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the transaction, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,792 shares of company stock worth $2,032,859 over the last 90 days. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

Institutional investors and hedge funds have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new stake in shares of OneMain in the second quarter valued at about $31,000. International Assets Investment Management LLC purchased a new position in OneMain in the second quarter valued at about $34,000. Blue Trust Inc. lifted its position 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 valued at $38,000 after acquiring an additional 225 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 437 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

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.