OneMain (NYSE:OMF) Upgraded at StockNews.com

StockNews.com upgraded shares of OneMain (NYSE:OMF) from a hold rating to a buy rating in a report released on Friday morning.

A number of other equities analysts have also recently commented on OMF. JPMorgan Chase & Co. lowered their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Northland Securities boosted their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a research report on Monday, October 14th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

OneMain Price Performance

Shares of NYSE OMF opened at $47.63 on Friday. The stock has a market capitalization of $5.71 billion, a PE ratio of 9.28, a P/E/G ratio of 0.87 and a beta of 1.56. The business has a fifty day moving average price of $46.88 and a two-hundred day moving average price of $48.37. OneMain has a fifty-two week low of $35.00 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, equities analysts expect that OneMain will post 4.91 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.73%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now directly owns 417,474 shares in the company, valued at $20,873,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,300 shares of company stock worth $1,534,275. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in OneMain by 9.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,495 shares of the financial services provider’s stock worth $2,424,000 after buying an additional 4,325 shares during the period. Blue Trust Inc. raised its stake in OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after buying an additional 476 shares during the period. nVerses Capital LLC raised its stake in OneMain by 25.5% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the financial services provider’s stock worth $278,000 after buying an additional 1,200 shares during the period. Asio Capital LLC raised its stake in OneMain by 1.7% during the 3rd quarter. Asio Capital LLC now owns 84,479 shares of the financial services provider’s stock worth $3,976,000 after buying an additional 1,445 shares during the period. Finally, Peak Financial Advisors LLC raised its stake in OneMain by 7.5% during the 3rd quarter. Peak Financial Advisors LLC now owns 9,278 shares of the financial services provider’s stock worth $437,000 after buying an additional 648 shares during the period. 85.82% of the stock is 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.