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

OneMain Holdings, Inc. (NYSE:OMF) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities 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 target among brokers that have covered the stock in the last year is $56.08.

OMF has been the subject of a number of recent research reports. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stephens assumed coverage on shares of OneMain in a research note on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

OneMain Trading Up 2.0 %

OMF opened at $52.99 on Friday. The stock has a 50-day moving average of $53.16 and a 200 day moving average of $49.74. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The firm has a market cap of $6.32 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.85%. OneMain’s payout ratio is currently 91.03%.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. This trade represents a 1.20 % decrease in their position. 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 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new position in OneMain in the third quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the 2nd quarter worth approximately $34,000. Blue Trust Inc. lifted its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in 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 purchasing an additional 437 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.