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

OneMain (NYSE:OMF) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered 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, 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 report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

OneMain Trading Down 0.6 %

OMF stock opened at $47.75 on Friday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.87 and a beta of 1.56. The firm has a 50 day moving average of $46.81 and a 200-day moving average of $48.41. OneMain has a 12-month low of $35.00 and a 12-month high of $54.94.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same quarter in the prior year, the firm earned $1.01 EPS. Sell-side analysts forecast that OneMain will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 2,500 shares of the business’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 transaction, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $1,534,275 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in OneMain by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,943,855 shares of the financial services provider’s stock valued at $587,638,000 after purchasing an additional 125,032 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of OneMain by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 200 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of OneMain by 5.2% in the 1st quarter. Fulton Bank N.A. now owns 6,707 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 329 shares during the last quarter. FCF Advisors LLC raised its position in shares of OneMain by 29.9% during the first quarter. FCF Advisors LLC now owns 14,781 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 3,405 shares during the period. Finally, Peak Financial Advisors LLC purchased a new stake in shares of OneMain during the first quarter valued at $340,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.