OneMain (NYSE:OMF) Stock Price Expected to Rise, Compass Point Analyst Says

OneMain (NYSE:OMF) had its price target boosted by investment analysts at Compass Point from $60.00 to $63.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Compass Point’s price objective would suggest a potential upside of 23.12% from the stock’s previous close.

A number of other research firms also recently issued reports on OMF. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Wells Fargo & Company decreased their target price on OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. Finally, Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.69.

OneMain Stock Performance

OneMain stock traded down $0.75 during trading on Thursday, reaching $51.17. The company had a trading volume of 318,826 shares, compared to its average volume of 995,669. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.89 and a beta of 1.56. OneMain has a 12-month low of $35.53 and a 12-month high of $54.94. The stock’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $48.29.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the previous year, the company earned $1.01 EPS. As a group, research analysts expect that OneMain will post 4.91 earnings per share for the current year.

Insider Activity

In related 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 transaction of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Micah R. Conrad sold 2,500 shares of the 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 completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of OneMain 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 of the company’s stock, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,300 shares of company stock worth $1,534,275 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its holdings in OneMain by 64.8% during the first 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. Frank Rimerman Advisors LLC acquired a new stake in OneMain in the 2nd quarter worth approximately $608,000. Swedbank AB bought a new stake in OneMain during the first quarter worth approximately $817,000. Argent Capital Management LLC grew its holdings in OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares during the period. 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.