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

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

Several other equities analysts have also recently weighed in on OMF. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Compass Point increased their price objective 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. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

OneMain Stock Up 1.8 %

Shares of NYSE:OMF opened at $56.76 on Wednesday. The firm’s 50 day moving average price is $54.64 and its 200-day moving average price is $51.06. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The stock has a market capitalization of $6.77 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59.

Institutional Investors Weigh In On OneMain

Institutional investors have recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. purchased a new stake in OneMain during the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain during the 4th quarter valued at approximately $26,000. Albion Financial Group UT purchased a new stake in OneMain during the 4th quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new stake in OneMain during the 3rd quarter valued at approximately $28,000. Finally, IFP Advisors Inc grew its holdings in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

About OneMain

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.