OneMain (NYSE:OMF) Raised to “Buy” at StockNews.com

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

Other research analysts also recently issued research reports about the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company upped their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average target price of $57.15.

OneMain Stock Up 3.4 %

NYSE:OMF opened at $56.80 on Monday. The company has a market cap of $6.78 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The business has a 50 day moving average price of $54.69 and a two-hundred day moving average price of $50.94.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of OMF. Legend Financial Advisors Inc. bought a new position in OneMain during the fourth quarter worth about $26,000. FNY Investment Advisers LLC bought a new stake in OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT acquired a new position in shares of OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC bought a new position in shares of OneMain during the third quarter worth approximately $28,000. Finally, IFP Advisors Inc raised its position in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.