OneMain (NYSE:OMF) Stock Rating Upgraded by Wall Street Zen

OneMain (NYSE:OMF) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on OMF. JPMorgan Chase & Co. boosted their price target on OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Citizens Jmp decreased their target price on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company increased their target price on shares of OneMain from $63.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Citigroup restated a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Finally, Cowen reiterated a “buy” rating on shares of OneMain in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus target price of $70.70.

OneMain Stock Down 0.2%

OMF stock opened at $70.93 on Friday. The company’s 50-day moving average price is $64.63 and its two-hundred day moving average price is $60.43. OneMain has a 12 month low of $38.00 and a 12 month high of $71.93. The firm has a market cap of $8.35 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.39 and a beta of 1.33.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the firm posted $1.31 earnings per share. Equities analysts predict that OneMain will post 6.46 EPS for the current year.

Insider Activity

In related news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the sale, the chief executive officer directly owned 174,100 shares in the company, valued at $11,910,181. This represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 652 shares of OneMain stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the transaction, the senior vice president directly owned 15,179 shares in the company, valued at $941,098. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 98,152 shares of company stock valued at $6,353,899. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently made changes to their positions in OMF. Wealth Enhancement Advisory Services LLC boosted its holdings in OneMain by 26.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,869 shares of the financial services provider’s stock valued at $2,922,000 after acquiring an additional 8,498 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in OneMain during the 4th quarter worth approximately $288,000. Impact Capital Partners LLC lifted its position in shares of OneMain by 2.4% in the 4th quarter. Impact Capital Partners LLC now owns 59,752 shares of the financial services provider’s stock worth $4,036,000 after purchasing an additional 1,380 shares during the period. GAMMA Investing LLC boosted its stake in shares of OneMain by 46.7% in the 4th quarter. GAMMA Investing LLC now owns 1,402 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 446 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of OneMain by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after purchasing an additional 72,688 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.