OneMain’s (OMF) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of OneMain (NYSE:OMF) in a report published on Monday morning,Benzinga reports. JMP Securities currently has a $65.00 target price on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on OMF. Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of OneMain in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.15.

OneMain Price Performance

Shares of OneMain stock opened at $56.80 on Monday. The stock’s 50-day moving average is $54.69 and its 200 day moving average is $50.94. OneMain has a one year low of $41.70 and a one year high of $58.90. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 13.40, a PEG 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 paid a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.32%. OneMain’s dividend payout ratio is 98.11%.

Insider Transactions at OneMain

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

Hedge Funds Weigh In On OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 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 acquiring an additional 6,128 shares in the last quarter. Creative Planning raised its position in OneMain by 21.7% in the 2nd quarter. Creative Planning now owns 40,595 shares of the financial services provider’s stock worth $1,968,000 after purchasing an additional 7,236 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in OneMain by 13.5% during 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 buying an additional 271 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of OneMain by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock valued at $285,000 after buying an additional 454 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings 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 worth $1,395,000 after buying an additional 1,037 shares during the period. 85.82% of the stock is currently 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.