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

OneMain Holdings, Inc. (NYSE:OMF) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.08.

A number of research analysts have recently commented on the company. 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 note on Thursday, August 1st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Wells Fargo & Company upped their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the company’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 owns 117,025 shares in the company, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,792 shares of company stock valued at $2,032,859 in the last three months. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake 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 buying an additional 225 shares during the last quarter. US Bancorp DE raised its position in OneMain by 1.8% during the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares in the last quarter. UMB Bank n.a. lifted its holdings in OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 247 shares during the period. Abich Financial Wealth Management LLC boosted its position in OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.7 %

Shares of NYSE:OMF opened at $50.13 on Friday. OneMain has a 12 month low of $36.52 and a 12 month high of $54.94. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54. The firm’s 50-day moving average is $47.15 and its 200 day moving average is $48.36.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 8.30%. 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.