Brokerages Set OneMain Holdings, Inc. (NYSE:OMF) Target Price at $58.36

OneMain Holdings, Inc. (NYSE:OMF) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $58.36.

OMF has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd.

Hedge Funds Weigh In On OneMain

Hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP grew its position in shares of OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 204 shares during the last quarter. SlateStone Wealth LLC lifted its stake in OneMain by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider’s stock valued at $369,000 after buying an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in OneMain by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock worth $307,000 after buying an additional 234 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 247 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Down 3.4 %

Shares of OneMain stock opened at $54.78 on Monday. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The company’s 50-day simple moving average is $54.59 and its 200-day simple moving average is $51.08.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.59%. OneMain’s dividend payout ratio is presently 98.11%.

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.