OneMain (NYSE:OMF) Rating Increased to Buy at StockNews.com

OneMain (NYSE:OMF) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other research analysts also recently issued research reports about the stock. Stephens restated an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Compass Point raised their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Five equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

OneMain Stock Up 0.8 %

OMF stock opened at $55.25 on Wednesday. OneMain has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.45 and a beta of 1.59. The company has a 50 day moving average of $54.59 and a two-hundred day moving average of $51.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OMF. Legend Financial Advisors Inc. acquired a new stake in OneMain in the 4th quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the 4th quarter worth $26,000. Albion Financial Group UT acquired a new stake in OneMain in the 4th quarter worth $26,000. Continuum Advisory LLC acquired a new stake in OneMain in the 3rd quarter worth $28,000. Finally, IFP Advisors Inc grew its position in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

About OneMain

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.