Seaport Res Ptn Has Bearish Forecast for OneMain Q4 Earnings

OneMain Holdings, Inc. (NYSE:OMF) – Analysts at Seaport Res Ptn decreased their Q4 2024 EPS estimates for shares of OneMain in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings per share of $0.97 for the quarter, down from their prior forecast of $1.05. The consensus estimate for OneMain’s current full-year earnings is $4.87 per share.

Several other equities analysts have also recently weighed in on the company. JMP Securities increased their price target on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price target on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.08.

OneMain Stock Performance

NYSE:OMF opened at $51.18 on Monday. The firm has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $48.39. OneMain has a fifty-two week low of $36.52 and a fifty-two week high of $54.94. The firm has a market cap of $6.11 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.61 and a beta of 1.54.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the chief executive officer now owns 412,474 shares of the company’s stock, valued at approximately $21,861,122. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 25,747 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares of the company’s stock, valued at approximately $21,861,122. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,792 shares of company stock worth $2,032,859. 0.45% of the stock is owned by insiders.

Institutional Trading of OneMain

Hedge funds have recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in shares of OneMain in the 2nd quarter worth about $31,000. International Assets Investment Management LLC acquired a new stake in OneMain during the second quarter valued at approximately $34,000. Blue Trust Inc. boosted its stake in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC boosted its position in 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 during the period. Finally, UMB Bank n.a. boosted its stake in shares of OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.