Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $67.80

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.80.

OMF has been the subject of a number of research analyst reports. Barclays lowered their price target on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Royal Bank Of Canada lowered their price target on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their target price on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th. Finally, TD Cowen raised their target price on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, July 7th.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 1,848 shares of OneMain stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $114,576.00. Following the completion of the transaction, the senior vice president directly owned 13,127 shares in the company, valued at approximately $813,874. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the chief operating officer directly owned 96,250 shares of the company’s stock, valued at $5,967,500. The trade was a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneMain

A number of hedge funds have recently bought and sold shares of OMF. Norges Bank acquired a new position in shares of OneMain during the fourth quarter worth about $100,312,000. Janus Henderson Group PLC raised its holdings in OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after acquiring an additional 1,047,263 shares in the last quarter. Azora Capital LP lifted its stake in OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after acquiring an additional 924,302 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in OneMain by 57.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock worth $110,958,000 after acquiring an additional 713,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in OneMain by 47.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,855,709 shares of the financial services provider’s stock worth $125,353,000 after acquiring an additional 596,455 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

OMF opened at $59.72 on Monday. OneMain has a one year low of $45.78 and a one year high of $71.93. The stock has a market capitalization of $6.90 billion, a PE ratio of 8.89, a P/E/G ratio of 0.45 and a beta of 1.22. The business’s 50 day moving average price is $57.44 and its 200 day moving average price is $57.98.

OneMain (NYSE:OMF) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that OneMain will post 7.14 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 7.0%. OneMain’s payout ratio is 62.50%.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.