Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $55.08

OneMain Holdings, Inc. (NYSE:OMF) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $55.08.

Several research firms recently issued reports on OMF. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of OneMain in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. JMP Securities boosted their target price on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

Insider Activity

In other news, 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 transaction of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. The trade was 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 ninety days. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMF. Capital International Investors increased its holdings in shares of OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares during the period. Principal Financial Group Inc. grew its position in OneMain by 7,566.2% during the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after purchasing an additional 708,804 shares in the last quarter. Vanguard Group Inc. increased its stake in OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of OneMain in the third quarter worth $17,016,000. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 0.7 %

OneMain stock opened at $50.13 on Friday. The stock has a market cap of $5.98 billion, a P/E ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54. The company has a 50-day moving average price of $47.15 and a 200 day moving average price of $48.36. OneMain has a 12-month low of $36.52 and a 12-month high of $54.94.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.30%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is 91.03%.

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.