Barclays Trims OneMain (NYSE:OMF) Target Price to $52.00

OneMain (NYSE:OMF) had its price target trimmed by Barclays from $55.00 to $52.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

OMF has been the topic of several other research reports. Royal Bank of Canada increased their price target on OneMain from $50.00 to $55.00 and gave the company an outperform rating in a report on Monday, April 1st. Wells Fargo & Company raised their price target on OneMain from $48.00 to $53.00 and gave the company an equal weight rating in a research report on Thursday, May 2nd. TD Cowen raised their target price on OneMain from $58.00 to $60.00 and gave the company a buy rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $52.00 to $54.00 and gave the stock an overweight rating in a research note on Monday. Finally, BTIG Research started coverage on shares of OneMain in a research report on Friday, June 7th. They issued a neutral rating on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, OneMain presently has an average rating of Moderate Buy and a consensus target price of $54.25.

OneMain Stock Performance

NYSE:OMF opened at $49.19 on Tuesday. The stock’s 50 day moving average price is $48.86 and its 200 day moving average price is $48.49. OneMain has a 52 week low of $35.00 and a 52 week high of $53.65. The company has a market capitalization of $5.89 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.72 and a beta of 1.58.

OneMain (NYSE:OMF) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same period in the prior year, the business posted $1.46 earnings per share. As a group, sell-side analysts forecast that OneMain will post 5.51 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a $1.04 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.46%. OneMain’s payout ratio is presently 81.09%.

Insider Transactions at OneMain

In other OneMain news, 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 transaction of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total transaction of $379,725.00. Following the completion of the sale, the chief operating officer now owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. Insiders have sold a total of 29,500 shares of company stock valued at $1,500,055 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of OneMain

Several institutional investors and hedge funds have recently bought and sold shares of OMF. Brave Warrior Advisors LLC raised its position in shares of OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the period. Taylor Frigon Capital Management LLC bought a new position in shares of OneMain during the fourth quarter worth approximately $1,649,000. Nomura Holdings Inc. bought a new position in shares of OneMain during the fourth quarter worth approximately $9,139,000. Miller Howard Investments Inc. NY increased its position in OneMain by 659.7% during the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after buying an additional 91,429 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in OneMain by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,348,842 shares of the financial services provider’s stock worth $66,363,000 after acquiring an additional 17,330 shares during the period. Institutional investors own 85.82% of the company’s stock.

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.