OneMain (NYSE:OMF) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a report issued on Thursday.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $64.00 to $61.00 and set a buy rating on the stock in a report on Tuesday, July 9th. Northland Securities upped their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a market perform rating in a report on Thursday, August 1st. JMP Securities reaffirmed a market outperform rating and set a $60.00 target price on shares of OneMain in a report on Tuesday, September 24th. Royal Bank of Canada decreased their target price on shares of OneMain from $60.00 to $58.00 and set an outperform rating on the stock in a report on Thursday. Finally, Barclays lowered shares of OneMain from an overweight rating to an equal weight rating and decreased their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $54.33.

OneMain Trading Up 1.2 %

Shares of OMF stock opened at $46.18 on Thursday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 9.00, a PEG ratio of 0.87 and a beta of 1.56. The firm’s 50 day moving average is $46.68 and its 200 day moving average is $48.47. OneMain has a 12 month low of $35.00 and a 12 month high of $54.94.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the prior year, the company posted $1.01 EPS. On average, equities analysts predict that OneMain will post 4.91 EPS for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio is currently 81.09%.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 1,614 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the sale, the chief operating officer now owns 110,411 shares of the company’s stock, valued at $5,520,550. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,300 shares of company stock valued at $1,534,275. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of OMF. Goldman Sachs Group Inc. lifted its position in shares of OneMain by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock worth $67,238,000 after purchasing an additional 367,823 shares during the period. Vanguard Group Inc. lifted its position in shares of OneMain by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,943,855 shares of the financial services provider’s stock worth $587,638,000 after purchasing an additional 125,032 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of OneMain by 159.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 69,000 shares of the financial services provider’s stock worth $3,395,000 after purchasing an additional 42,400 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of OneMain by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 200 shares during the period. Finally, Quadrature Capital Ltd lifted its position in shares of OneMain by 8.7% in the 4th quarter. Quadrature Capital Ltd now owns 31,800 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 2,533 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.