OneMain (NYSE:OMF) Price Target Raised to $63.00 at Compass Point

OneMain (NYSE:OMF) had its price target lifted by Compass Point from $60.00 to $63.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company cut their price target on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, October 14th. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

OneMain Stock Up 0.9 %

Shares of OMF traded up $0.47 during mid-day trading on Thursday, hitting $50.14. The company had a trading volume of 46,566 shares, compared to its average volume of 998,045. The stock has a market cap of $6.01 billion, a PE ratio of 10.88, a P/E/G ratio of 0.98 and a beta of 1.56. OneMain has a 1-year low of $36.52 and a 1-year high of $54.94. The business’s 50-day simple moving average is $47.08 and its 200-day simple moving average is $48.32.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 19.31% and a net margin of 11.27%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period in the prior year, the firm posted $1.01 EPS. On average, sell-side analysts expect that OneMain will post 4.91 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock valued at $1,534,275 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after acquiring an additional 87,084 shares during the period. QRG Capital Management Inc. raised its stake in OneMain by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 63,616 shares of the financial services provider’s stock valued at $2,994,000 after purchasing an additional 3,559 shares during the period. Stephens Inc. AR lifted its holdings in shares of OneMain by 30.9% in the third quarter. Stephens Inc. AR now owns 21,020 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 4,959 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in shares of OneMain by 1.5% during the third quarter. Avitas Wealth Management LLC now owns 45,176 shares of the financial services provider’s stock valued at $2,126,000 after buying an additional 652 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in OneMain by 26.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 1,302 shares in the last quarter. 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.