OneMain (NYSE:OMF) Stock Rating Reaffirmed by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of OneMain (NYSE:OMF) in a research report released on Monday, Benzinga reports. The firm currently has a $60.00 target price on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Wells Fargo & Company decreased their price target on OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday. Northland Securities increased their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Price Performance

Shares of NYSE OMF opened at $47.75 on Monday. The stock has a market capitalization of $5.72 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. OneMain has a 1-year low of $35.00 and a 1-year high of $54.94. The business has a fifty day moving average price of $46.81 and a 200 day moving average price of $48.41.

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

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.71%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at $20,873,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at $20,873,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following 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 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 over the last ninety days. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new position in OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in OneMain during the second quarter worth approximately $34,000. Blue Trust Inc. boosted 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 worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.