OneMain (NYSE:OMF - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.12 per share and revenue of $1,200,316.67 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
OneMain stock opened at $58.03 on Friday. The firm's 50-day simple moving average is $54.52 and its 200 day simple moving average is $50.47. The stock has a market cap of $6.93 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.48 and a beta of 1.58. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $58.22.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.17%. OneMain's payout ratio is 91.03%.
Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price objective on shares of OneMain in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. JMP Securities lifted their target price on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Finally, Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $56.69.
View Our Latest Research Report on OMF
In other news, SVP Michael A. Hedlund sold 1,992 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the business'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 completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,492 shares of company stock valued at $1,582,384. Insiders own 0.45% of the company's stock.
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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