OneMain (NYSE:OMF) Sets New 1-Year High at $54.90

OneMain Holdings, Inc. (NYSE:OMF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $54.90 and last traded at $52.31, with a volume of 122697 shares. The stock had previously closed at $53.14.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OMF shares. Barclays reduced their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. JMP Securities raised their target price on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets boosted their price target on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. BTIG Research assumed coverage on shares of OneMain in a report on Friday, June 7th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

OneMain Trading Down 2.4 %

The company has a market cap of $6.21 billion, a PE ratio of 10.36, a PEG ratio of 0.78 and a beta of 1.58. The stock has a 50 day moving average price of $49.20 and a 200 day moving average price of $48.73.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the previous year, the business earned $1.46 earnings per share. Equities analysts expect that OneMain Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now owns 451,300 shares in the company, valued at $23,183,281. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,500 shares of company stock worth $1,500,055. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently modified their holdings of OMF. Vanguard Group Inc. increased its stake in OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after purchasing an additional 373,900 shares during the period. Capital International Investors increased its position in shares of OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after acquiring an additional 889,387 shares during the period. Brave Warrior Advisors LLC increased its position in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after acquiring an additional 1,118,166 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneMain by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock worth $143,727,000 after acquiring an additional 78,106 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of OneMain by 10.2% during the fourth quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock worth $94,291,000 after acquiring an additional 177,993 shares during the period. 85.82% of the stock is owned by 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.