OneMain (NYSE:OMF) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of OneMain (NYSE:OMF) in a report released on Monday morning,Benzinga reports. They currently have a $65.00 target price on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of OneMain in a research report on Thursday, January 16th. Wells Fargo & Company increased their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Stephens started coverage on OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective on the stock. Finally, StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.15.

OneMain Stock Down 1.7 %

Shares of OMF stock opened at $54.60 on Monday. The firm has a 50 day moving average of $54.74 and a two-hundred day moving average of $50.87. The stock has a market capitalization of $6.52 billion, a PE ratio of 12.88, a P/E/G ratio of 0.48 and a beta of 1.59. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.62%. OneMain’s payout ratio is 98.11%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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 business. Assenagon Asset Management S.A. acquired a new stake in OneMain in the 3rd quarter valued at about $17,016,000. Janus Henderson Group PLC lifted its stake 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 grew its holdings 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 valued at $38,088,000 after buying an additional 136,224 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in OneMain by 12.3% during the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after buying an additional 113,018 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.