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Stephens & Co. Reiterates OneMain Holdings (OMF) Overweight Recommendation

Fintel reports that on August 18, 2023, Stephens & Co. reiterated coverage of OneMain Holdings (NYSE:OMF) with a Overweight recommendation.

Analyst Price Forecast Suggests 35.32% Upside

As of August 2, 2023, the average one-year price target for OneMain Holdings is 53.67. The forecasts range from a low of 46.46 to a high of $63.00. The average price target represents an increase of 35.32% from its latest reported closing price of 39.66.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for OneMain Holdings is 3,703MM, an increase of 46.65%. The projected annual non-GAAP EPS is 7.09.

OneMain Holdings Declares $1.00 Dividend

On July 26, 2023 the company declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Shareholders of record as of August 7, 2023 received the payment on August 11, 2023. Previously, the company paid $1.00 per share.

At the current share price of $39.66 / share, the stock’s dividend yield is 10.09%.

Looking back five years and taking a sample every week, the average dividend yield has been 13.85%, the lowest has been 2.28%, and the highest has been 36.96%. The standard deviation of yields is 7.79 (n=236).

The current dividend yield is 0.48 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.74. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is -0.31%.

What is the Fund Sentiment?

There are 682 funds or institutions reporting positions in OneMain Holdings. This is a decrease of 8 owner(s) or 1.16% in the last quarter. Average portfolio weight of all funds dedicated to OMF is 0.33%, an increase of 11.00%. Total shares owned by institutions decreased in the last three months by 2.77% to 116,896K shares. The put/call ratio of OMF is 0.92, indicating a bullish outlook.

What are Other Shareholders Doing?

OMF / OneMain Holdings Inc Shares Held by Institutions

Capital International Investors holds 8,833K shares representing 7.33% ownership of the company. In it’s prior filing, the firm reported owning 10,182K shares, representing a decrease of 15.27%. The firm decreased its portfolio allocation in OMF by 7.45% over the last quarter.

ANCFX – AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 6,877K shares representing 5.71% ownership of the company. No change in the last quarter.

Brave Warrior Advisors holds 5,352K shares representing 4.44% ownership of the company. In it’s prior filing, the firm reported owning 5,294K shares, representing an increase of 1.08%. The firm increased its portfolio allocation in OMF by 1.77% over the last quarter.

Price T Rowe Associates holds 4,544K shares representing 3.77% ownership of the company. In it’s prior filing, the firm reported owning 4,554K shares, representing a decrease of 0.20%. The firm decreased its portfolio allocation in OMF by 51.75% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,730K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 3,367K shares, representing an increase of 9.73%. The firm increased its portfolio allocation in OMF by 13.87% over the last quarter.

OneMain Holdings Background Information
(This description is provided by the company.)

OneMain Financial has been offering responsible and transparent loans for over 100 years. With almost 1,500 locations throughout 44 states, the company is committed to helping people with their personal loan needs. OneMain and its team members are dedicated to the communities where they live and work.

Additional reading:

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on August 18, 2023, Stephens & Co. reiterated coverage of OneMain Holdings (NYSE:OMF) with a Overweight recommendation. Analyst Price Forecast Suggests 35.32% Upside As of August 2, 2023, the average one-year price target for OneMain Holdings is 53.67. The forecasts range from a low of 46.46 to a high of $63.00. The average price target represents an increase of 35.32% from its latest reported closing price of 39.66.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for OneMain Holdings is 3,703MM, an increase of 46.65%. The projected annual non-GAAP EPS is 7.09. OneMain Holdings Declares $1.00 Dividend On July 26, 2023 the company declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Shareholders of record as of August 7, 2023 received the payment on August 11, 2023. Previously, the company paid $1.00 per share. At the current share price of $39.66 / share, the stock’s dividend yield is 10.09%. Looking back five years and taking a sample every week, the average dividend yield has been 13.85%, the lowest has been 2.28%, and the highest has been 36.96%. The standard deviation of yields is 7.79 (n=236).

The current dividend yield is 0.48 standard deviations below the historical average. Additionally, the company’s dividend payout ratio is 0.74. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company’s 3-Year dividend growth rate is -0.31%. What is the Fund Sentiment? There are 682 funds or institutions reporting positions in OneMain Holdings. This is a decrease of 8 owner(s) or 1.16% in the last quarter. Average portfolio weight of all funds dedicated to OMF is 0.33%, an increase of 11.00%. Total shares owned by institutions decreased in the last three months by 2.77% to 116,896K shares. The put/call ratio of OMF is 0.92, indicating a bullish outlook. What are Other Shareholders Doing? Capital International Investors holds 8,833K shares representing 7.33% ownership of the company. In it’s prior filing, the firm reported owning 10,182K shares, representing a decrease of 15.27%. The firm decreased its portfolio allocation in OMF by 7.45% over the last quarter. ANCFX – AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 6,877K shares representing 5.71% ownership of the company. No change in the last quarter.

Brave Warrior Advisors holds 5,352K shares representing 4.44% ownership of the company. In it’s prior filing, the firm reported owning 5,294K shares, representing an increase of 1.08%. The firm increased its portfolio allocation in OMF by 1.77% over the last quarter. Price T Rowe Associates holds 4,544K shares representing 3.77% ownership of the company. In it’s prior filing, the firm reported owning 4,554K shares, representing a decrease of 0.20%. The firm decreased its portfolio allocation in OMF by 51.75% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,730K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 3,367K shares, representing an increase of 9.73%. The firm increased its portfolio allocation in OMF by 13.87% over the last quarter. OneMain Holdings Background Information(This description is provided by the company.) OneMain Financial has been offering responsible and transparent loans for over 100 years. With almost 1,500 locations throughout 44 states, the company is committed to helping people with their personal loan needs. OneMain and its team members are dedicated to the communities where they live and work.

Additional reading: ONEMAIN HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS Fifteenth Supplemental Indenture relating to the Notes, dated as of June 22, 2023 among OneMain Finance Corporation, OneMain Holdings, Inc. and HSBC Bank USA, National Association, as series trustee (including the form of 9.000% Senior Notes due 2029 included therein as Exhibit A). Incorporated by reference to Exhibit 4.2 to OMH’s Current Report on Form 8-K filed on June 21, 2023. Fourteenth Supplemental Indenture, dated as of June 20, 2023, among OneMain Finance Corporation, OneMain Holdings, Inc., Wilmington Trust, National Association and HSBC Bank USA, National Association. Incorporated by reference to Exhibit 4.1 to OMH’s Current Report on Form 8-K filed on June 21, 2023. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/stephens-co.-reiterates-onemain-holdings-omf-overweight-recommendation-1 Stephens & Co. Reiterates OneMain Holdings (OMF) Overweight Recommendation

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