OneMain (NYSE:OMF) Now Covered by Analysts at Stephens

Stephens initiated coverage on shares of OneMain (NYSE:OMF) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $62.00 target price on the financial services provider’s stock.

OMF has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Northland Securities boosted their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. JMP Securities increased their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.46.

OneMain Stock Performance

OneMain stock opened at $54.64 on Wednesday. OneMain has a 1 year low of $37.78 and a 1 year high of $56.28. The firm’s 50-day moving average is $47.91 and its 200-day moving average is $48.59. The company has a market cap of $6.52 billion, a P/E ratio of 11.96, a PEG ratio of 0.67 and a beta of 1.54.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.61%. OneMain’s dividend payout ratio is presently 91.03%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,292 shares of company stock worth $1,918,484 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Institutional investors and hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in OneMain in the 2nd quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in shares of OneMain during the second quarter valued at $34,000. Blue Trust Inc. raised its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC lifted its stake in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 437 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.