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

OneMain (NYSE:OMF) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities analysts have also issued reports on OMF. Stephens restated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday. Compass Point lifted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company 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 on the stock in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $57.15.

OneMain Stock Up 0.7 %

OneMain stock opened at $54.92 on Monday. The firm has a fifty day simple moving average of $54.70 and a two-hundred day simple moving average of $50.90. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a market capitalization of $6.55 billion, a PE ratio of 12.95, a P/E/G ratio of 0.48 and a beta of 1.59.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in shares of OneMain in the third quarter worth $17,016,000. Janus Henderson Group PLC raised its stake in shares of OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after buying an additional 315,640 shares during the period. Argent Capital Management LLC lifted its holdings in OneMain by 20.2% during the third quarter. Argent Capital Management LLC now owns 809,176 shares of the financial services provider’s stock valued at $38,088,000 after purchasing an additional 136,224 shares in the last quarter. Basswood Capital Management L.L.C. lifted its stake in shares of OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after buying an additional 113,018 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after buying an additional 87,084 shares during the period. 85.82% of the stock is currently owned by hedge funds and other 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.