OneMain’s (OMF) “Overweight” Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of OneMain (NYSE:OMF) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $62.00 target price on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of OneMain in a report on Thursday, January 16th. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a report on Monday. Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $57.15.

OneMain Price Performance

NYSE OMF opened at $54.60 on Monday. OneMain has a one year low of $41.70 and a one year high of $58.90. The firm has a market cap of $6.52 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.48 and a beta of 1.59. The stock’s 50-day moving average is $54.74 and its 200-day moving average is $50.87.

OneMain Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.62%. OneMain’s dividend payout ratio is presently 98.11%.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in shares of OneMain in the third quarter valued at approximately $17,016,000. Janus Henderson Group PLC grew its holdings in OneMain by 69.0% in the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock valued at $36,377,000 after buying an additional 315,640 shares in the last quarter. Argent Capital Management LLC increased its position in OneMain by 20.2% during the 3rd quarter. Argent Capital Management LLC now owns 809,176 shares of the financial services provider’s stock worth $38,088,000 after buying an additional 136,224 shares during the period. Basswood Capital Management L.L.C. boosted its position in shares of OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after acquiring an additional 113,018 shares during the period. Finally, Principal Financial Group Inc. increased its position in OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after acquiring an additional 87,084 shares during the period. 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.