Compass Point Issues Positive Forecast for OneMain (NYSE:OMF) Stock Price

OneMain (NYSE:OMF) had its price objective upped by Compass Point from $60.00 to $63.00 in a research report released on Thursday morning, Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

OMF has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, Wells Fargo & Company decreased their price objective on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $55.08.

OneMain Price Performance

OneMain stock opened at $49.78 on Thursday. The firm has a market capitalization of $5.94 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. The company’s 50-day moving average is $47.15 and its 200 day moving average is $48.35. OneMain has a 1-year low of $36.52 and a 1-year high of $54.94.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. OneMain’s dividend payout ratio is currently 91.03%.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,792 shares of company stock worth $2,032,859. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC purchased a new stake in OneMain during the 2nd quarter worth about $31,000. International Assets Investment Management LLC acquired a new position in OneMain during the 2nd quarter worth approximately $34,000. Blue Trust Inc. boosted its stake in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC boosted its position in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after buying an additional 304 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares during the last quarter. 85.82% of the stock is currently 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.