OneMain (NYSE:OMF) Downgraded by StockNews.com to “Hold”

OneMain (NYSE:OMF) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

OMF has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, Northland Securities boosted their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.08.

OneMain Stock Up 0.7 %

NYSE OMF opened at $50.13 on Tuesday. The stock’s 50-day simple moving average is $47.15 and its two-hundred day simple moving average is $48.36. OneMain has a twelve month low of $36.52 and a twelve month high of $54.94. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.61 and a beta of 1.54.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. 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 41,792 shares of company stock worth $2,032,859 in the last three months. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

A number of hedge funds have recently added to or reduced their stakes in OMF. Sumitomo Mitsui Trust Holdings Inc. raised its stake in OneMain by 6.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 36,536 shares of the financial services provider’s stock valued at $1,867,000 after buying an additional 2,367 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in OneMain by 6.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider’s stock valued at $523,000 after buying an additional 622 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of OneMain in the 1st quarter worth $383,000. AIA Group Ltd purchased a new stake in shares of OneMain in the 1st quarter worth $495,000. Finally, Empowered Funds LLC increased its stake in shares of OneMain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 22,700 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 2,119 shares in 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.