OneMain (NYSE:OMF) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities analysts also recently weighed in on the company. Northland Securities upped their price target on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Stock Down 0.1 %

Shares of NYSE:OMF opened at $46.47 on Friday. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.89 and a beta of 1.56. OneMain has a 12 month low of $35.00 and a 12 month high of $54.94. The company’s fifty day simple moving average is $46.97 and its 200 day simple moving average is $48.28.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter last year, the business posted $1.01 EPS. Research analysts expect that OneMain will post 4.91 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.95%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio is 85.42%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the sale, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at $5,520,550. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on 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 directly owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock valued at $1,534,275 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of the business. EdgeRock Capital LLC acquired a new position in shares of OneMain during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. grew its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC increased its stake in OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares during the period. Finally, UMB Bank n.a. raised its holdings in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 437 shares in 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.