Analysts Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $56.08

OneMain Holdings, Inc. (NYSE:OMF) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.08.

A number of equities analysts have commented on OMF shares. JPMorgan Chase & Co. upped their target price on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. 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 note on Thursday, October 31st. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Stephens began coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective for the company.

OneMain Trading Down 0.5 %

NYSE OMF opened at $52.78 on Friday. The stock has a market cap of $6.30 billion, a PE ratio of 11.55, a PEG 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 company’s 50-day moving average price is $53.47 and its 200-day moving average price is $49.81.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is presently 91.03%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at approximately $985,660. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Continuum Advisory LLC acquired a new position in OneMain in the 3rd quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in OneMain during the second quarter valued at $34,000. Blue Trust Inc. boosted its holdings in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in OneMain by 27.4% during 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 during the period. Finally, UMB Bank n.a. boosted its stake in shares of OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after buying an additional 437 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

About OneMain

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.