OneMain (NYSE:OMF) Receives “Market Outperform” Rating from JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $65.00 target price on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 19.57% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research report on Thursday, January 16th. Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Stephens began coverage on shares of OneMain in a report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Finally, StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven investment 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, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.92.

OneMain Price Performance

Shares of OMF stock opened at $54.36 on Monday. OneMain has a 12 month low of $41.70 and a 12 month high of $58.90. The company has a market capitalization of $6.49 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. The firm’s 50-day moving average is $54.80 and its two-hundred day moving average is $50.85.

Insider Activity

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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. raised its stake in shares of OneMain by 82.3% during the second quarter. Sei Investments Co. now owns 13,573 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 6,128 shares during the last quarter. Creative Planning raised its stake in shares of OneMain by 21.7% during the 2nd quarter. Creative Planning now owns 40,595 shares of the financial services provider’s stock worth $1,968,000 after buying an additional 7,236 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after buying an additional 271 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of OneMain by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 454 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of OneMain by 3.7% in the second quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock valued at $1,395,000 after purchasing an additional 1,037 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.