OneMain (NYSE:OMF) Rating Reiterated by JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $60.00 target price on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 29.65% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Barclays lowered their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of OneMain in a report on Tuesday, September 17th. BTIG Research began coverage on OneMain in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

OneMain Trading Down 4.2 %

Shares of OneMain stock traded down $2.05 during trading on Tuesday, hitting $46.28. 259,045 shares of the stock traded hands, compared to its average volume of 979,821. The firm has a market cap of $5.54 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain has a 52-week low of $35.00 and a 52-week high of $54.94. The stock’s fifty day simple moving average is $48.17 and its 200 day simple moving average is $48.78.

OneMain (NYSE:OMF) last posted its 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. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. As a group, equities analysts expect that OneMain will post 5.2 EPS for the current year.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the sale, the chief operating officer now directly owns 110,411 shares in the company, valued at approximately $5,520,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock worth $1,534,275 in the last three months. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in OneMain during the 2nd quarter worth $364,000. Clearbridge Investments LLC grew its position in OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Cetera Investment Advisers grew its position in OneMain by 3.7% during the 2nd quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock worth $1,395,000 after purchasing an additional 1,037 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in OneMain by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 454 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares during the last quarter. 85.82% of the stock is 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.