OneMain (NYSE:OMF) Price Target Lowered to $46.00 at JPMorgan Chase & Co.

OneMain (NYSE:OMF) had its price target dropped by analysts at JPMorgan Chase & Co. from $58.00 to $46.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.51% from the company’s previous close.

A number of other research analysts also recently weighed in on OMF. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. Evercore ISI assumed coverage on shares of OneMain in a report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price for the company. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada lifted their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.17.

OneMain Stock Up 1.1 %

Shares of NYSE OMF traded up $0.47 during trading on Tuesday, reaching $42.01. 338,358 shares of the company traded hands, compared to its average volume of 1,010,414. OneMain has a 52-week low of $38.00 and a 52-week high of $58.90. The stock has a market capitalization of $5.01 billion, a PE ratio of 9.94, a P/E/G ratio of 0.44 and a beta of 1.35. The firm has a 50 day simple moving average of $51.90 and a 200-day simple moving average of $51.99.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of OneMain by 14,167.2% during the 1st quarter. GAMMA Investing LLC now owns 49,222 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 48,877 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in OneMain by 46.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,122 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 4,140 shares during the period. Integrated Advisors Network LLC bought a new stake in OneMain in the fourth quarter worth about $221,000. Ascent Group LLC bought a new position in shares of OneMain during the fourth quarter valued at approximately $228,000. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of OneMain by 86.4% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock worth $7,872,000 after buying an additional 70,000 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Company Profile

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.