OneMain (NYSE:OMF) Upgraded at StockNews.com

StockNews.com upgraded shares of OneMain (NYSE:OMF) from a hold rating to a buy rating in a report released on Monday morning.

Other research analysts have also recently issued reports about the company. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Compass Point boosted their target price 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 reissued an “overweight” rating and set a $62.00 price target on shares of OneMain in a research note on Monday. Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.15.

OneMain Price Performance

OMF stock opened at $56.80 on Monday. The business has a fifty day moving average price of $54.69 and a 200 day moving average price of $50.94. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.48 and a beta of 1.59.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain during the fourth quarter worth about $26,000. FNY Investment Advisers LLC bought a new stake in OneMain during the 4th quarter worth approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC bought a new position in OneMain in the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc boosted its holdings in shares of OneMain by 180.0% in the fourth 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 during the period. 85.82% of the stock is 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.