Evercore ISI Initiates Coverage on OneMain (NYSE:OMF)

Equities research analysts at Evercore ISI initiated coverage on shares of OneMain (NYSE:OMF) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an “in-line” rating and a $58.00 price target on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 13.36% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Barclays set a $56.00 target price on shares of OneMain in a report on Friday, March 14th. 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 research report on Monday, February 3rd. Wells Fargo & Company increased their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.17.

OneMain Trading Down 0.7 %

OMF opened at $51.17 on Tuesday. The firm has a 50 day moving average of $53.41 and a two-hundred day moving average of $51.91. The firm has a market capitalization of $6.11 billion, a PE ratio of 12.07, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain has a 12-month low of $41.70 and a 12-month high of $58.90.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneMain

Several institutional investors and hedge funds have recently bought and sold shares of OMF. Vanguard Group Inc. increased its position in shares of OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock worth $619,779,000 after purchasing an additional 40,042 shares during the last quarter. FMR LLC grew its holdings in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock worth $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. Capital International Investors raised its holdings in shares of OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock valued at $533,729,000 after purchasing an additional 211,745 shares in the last quarter. Brave Warrior Advisors LLC lifted its position in shares of OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after purchasing an additional 35,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in OneMain by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock valued at $181,402,000 after buying an additional 109,182 shares during 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.