OneMain Holdings, Inc. Announces $100 Million Share Repurchase Program
OneMain Holdings, Inc. (OMF)
Last onemain holdings, inc. earnings: 4/27 04:30 pm
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investor.onemainfinancial.com
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Source: Business Wire
EVANSVILLE, Ind.--(BUSINESS WIRE)--OneMain Holdings, Inc. (NYSE: OMF) today announced that its Board of Directors has approved a share repurchase program for up to $100 million of the company’s outstanding common stock, with no stated expiration.“Our business generates significant excess capital supporting reinvestment back into the business and capital returns to shareholders,” said Doug Shulman, President and CEO of OneMain. “This opportunistic share repurchase program augments our existing capital return strategies and illustrates our continued confidence in the strength of the business.”As a reminder, the company’s previously disclosed capital allocation framework remains as follows:Fund portfolio growth with loans that meet its risk/return criteria.Invest in its platform and consider inorganic opportunities, if they arise.Return excess capital to shareholders, with a bias toward dividends.Consistent with the above, the company initiated its first regular dividend in Q1 2019 (
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News
- OneMain Holdings, Inc. (NYSE: OMF) had its price target raised by analysts at Wells Fargo & Company from $48.00 to $53.00. They now have an "equal weight" rating on the stock.MarketBeat
- OneMain Holdings, Inc. (NYSE: OMF) had its price target raised by analysts at BMO Capital Markets from $48.00 to $50.00. They now have a "market perform" rating on the stock.MarketBeat
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- OneMain Holdings, Inc. (NYSE: OMF) had its price target raised by analysts at TD Cowen from $58.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
OMF
Earnings
- 4/30/24 - Beat
OMF
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- OMF's page on the SEC website