OneMain Holdings, Inc. (NYSE:OMF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $56.08.

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st.

OneMain Stock Up 1.4 %

Shares of OMF stock opened at $51.91 on Friday. The company has a market capitalization of $6.20 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.69 and a beta of 1.56. OneMain has a 12-month low of $41.70 and a 12-month high of $57.97. The firm has a 50-day moving average price of $52.92 and a 200 day moving average price of $49.68.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.01%. OneMain’s dividend payout ratio is currently 91.03%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 over the last three months. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares during the period. State Street Corp lifted its stake in OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after buying an additional 16,615 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after buying an additional 13,978 shares during the period. Clearbridge Investments LLC increased its position in shares of OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after acquiring an additional 24,338 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in OneMain by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after acquiring an additional 30,558 shares in the last quarter. 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.