OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Research analysts at Northland Capmk lifted their FY2024 earnings per share estimates for OneMain in a research note issued on Thursday, October 31st. Northland Capmk analyst M. Grondahl now anticipates that the financial services provider will post earnings per share of $4.80 for the year, up from their previous estimate of $4.57. The consensus estimate for OneMain's current full-year earnings is $4.91 per share. Northland Capmk also issued estimates for OneMain's Q4 2024 earnings at $1.07 EPS and Q2 2025 earnings at $1.34 EPS.
A number of other research firms have also recently weighed in on OMF. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. JMP Securities lifted their price objective on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday. Royal Bank of Canada reissued an "outperform" rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Finally, Compass Point lifted their price target on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and an average price target of $55.08.
Read Our Latest Research Report on OMF
Shares of NYSE:OMF opened at $49.78 on Monday. The business's 50 day moving average price is $47.15 and its 200-day moving average price is $48.35. OneMain has a 1 year low of $36.52 and a 1 year high of $54.94. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54.
A number of institutional investors and hedge funds have recently made changes to their positions in OMF. EdgeRock Capital LLC purchased a new stake in shares of OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC purchased a new stake in OneMain during the second quarter worth about $34,000. Blue Trust Inc. lifted its position in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 304 shares during the period. Finally, UMB Bank n.a. grew its holdings 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 valued at $86,000 after purchasing an additional 437 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Micah R. Conrad sold 886 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Michael A. Hedlund sold 2,400 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at approximately $1,184,362. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 886 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,792 shares of company stock valued at $2,032,859. 0.45% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.36%. OneMain's payout ratio is 91.03%.
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.
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