OneMain’s (OMF) Overweight Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of OneMain (NYSE:OMF) in a research note published on Monday,Benzinga reports. They currently have a $62.00 price target on the financial services provider’s stock.

Several other research analysts also recently weighed in on OMF. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of OneMain in a research note on Thursday, January 16th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Compass Point lifted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.15.

OneMain Stock Up 3.4 %

NYSE:OMF opened at $56.80 on Monday. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90. The stock’s 50-day moving average price is $54.69 and its 200-day moving average price is $50.94. The stock has a market capitalization of $6.78 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.32%. OneMain’s payout ratio is 98.11%.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several large investors have recently made changes to their positions in OMF. Quantinno Capital Management LP raised its position in OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 204 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after buying an additional 231 shares in the last quarter. UMB Bank n.a. lifted its stake in OneMain by 13.9% during the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 247 shares in the last quarter. Avitas Wealth Management LLC boosted its holdings in OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after acquiring an additional 256 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 271 shares in 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.