JMP Securities Reiterates “Market Outperform” Rating for OneMain (NYSE:OMF)

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $60.00 target price on the financial services provider’s stock. JMP Securities’ price objective would suggest a potential upside of 33.36% from the company’s current price.

A number of other research firms have also weighed in on OMF. Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Barclays lowered their price objective on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. BTIG Research started coverage on shares of OneMain in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a research report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.25.

OneMain Trading Down 2.0 %

OMF stock opened at $44.99 on Tuesday. The business’s 50-day moving average is $47.88 and its 200 day moving average is $48.74. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.81 and a beta of 1.56. OneMain has a 12-month low of $35.00 and a 12-month high of $54.94.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the firm earned $1.01 earnings per share. As a group, equities analysts forecast that OneMain will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The disclosure for this sale can be found here. Insiders have sold a total of 32,300 shares of company stock valued at $1,534,275 in the last ninety days. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently bought and sold shares of OMF. Norges Bank purchased a new position in shares of OneMain in the 4th quarter valued at about $62,732,000. Brave Warrior Advisors LLC increased its stake in OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Capital International Investors raised its holdings in OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after purchasing an additional 889,387 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. 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.