Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Price Target at $55.46

OneMain Holdings, Inc. (NYSE:OMF) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.46.

OMF has been the subject of a number of research analyst reports. JMP Securities upped their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 25,747 shares of the company’s stock, valued at $1,184,362. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,178 shares of company stock valued at $2,107,084 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OMF. Continuum Advisory LLC acquired a new position in OneMain during the third quarter worth $28,000. EdgeRock Capital LLC acquired a new position in OneMain in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC purchased a new stake in OneMain during the second quarter worth about $34,000. Blue Trust Inc. increased its stake in OneMain by 43.4% during the second 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. Finally, Abich Financial Wealth Management LLC lifted its position in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $57.35 on Wednesday. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The stock has a market capitalization of $6.84 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. The business has a 50 day simple moving average of $50.24 and a 200-day simple moving average of $48.99.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 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.