OneMain (NYSE:OMF) Rating Reiterated by JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research report issued on Tuesday, Benzinga reports. They currently have a $60.00 target price on the financial services provider’s stock. JMP Securities’ target price suggests a potential upside of 29.65% from the stock’s current price.

A number of other brokerages have also recently issued reports on OMF. Barclays cut their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Northland Securities lifted their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of OneMain in a research report on Tuesday, September 17th. Finally, BTIG Research began coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Five 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, OneMain has an average rating of “Moderate Buy” and a consensus target price of $55.25.

OneMain Trading Down 4.2 %

Shares of NYSE:OMF traded down $2.05 during midday trading on Tuesday, hitting $46.28. The stock had a trading volume of 259,045 shares, compared to its average volume of 979,821. The company has a market capitalization of $5.54 billion, a PE ratio of 9.07, a P/E/G ratio of 0.72 and a beta of 1.56. The stock has a 50 day moving average price of $48.17 and a two-hundred day moving average price of $48.78. OneMain has a 1 year low of $35.00 and a 1 year high of $54.94.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. As a group, equities analysts expect that OneMain will post 5.2 EPS for the current year.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief executive officer now owns 417,474 shares in the company, valued at approximately $20,873,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OMF. Norges Bank bought a new position in shares of OneMain during the fourth quarter valued at $62,732,000. Brave Warrior Advisors LLC raised its holdings 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 buying an additional 1,118,166 shares during the last quarter. Capital International Investors raised its holdings in shares of OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. 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.