OneMain (NYSE:OMF) Research Coverage Started at Evercore ISI

Evercore ISI began coverage on shares of OneMain (NYSE:OMF) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm issued an in-line rating and a $58.00 target price on the financial services provider’s stock.

Several other research analysts have also commented on the stock. Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Barclays set a $56.00 price objective on OneMain in a research report on Friday, March 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company increased their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $59.17.

OneMain Stock Performance

OMF opened at $50.46 on Tuesday. OneMain has a 1 year low of $41.70 and a 1 year high of $58.90. The company’s 50 day simple moving average is $53.33 and its 200 day simple moving average is $51.90. The stock has a market capitalization of $6.02 billion, a PE ratio of 11.90, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.24%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after acquiring an additional 30,558 shares during the period. Cerity Partners LLC raised its position in shares of OneMain by 23.6% during the 3rd quarter. Cerity Partners LLC now owns 41,863 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 7,989 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of OneMain in the 3rd quarter worth approximately $1,424,000. Independent Advisor Alliance boosted its holdings in shares of OneMain by 6.4% in the third quarter. Independent Advisor Alliance now owns 11,158 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 669 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of OneMain in the 3rd quarter worth $2,565,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.