OneMain (NYSE:OMF) Coverage Initiated at Stephens

Analysts at Stephens started coverage on shares of OneMain (NYSE:OMF) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $62.00 price target on the financial services provider’s stock. Stephens’ target price indicates a potential upside of 13.22% from the company’s current price.

OMF has been the subject of a number of other research reports. Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Northland Securities upped their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain Trading Up 0.2 %

NYSE OMF opened at $54.76 on Wednesday. The firm has a market cap of $6.54 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. OneMain has a 1-year low of $37.78 and a 1-year high of $56.28. The stock has a 50-day moving average of $48.05 and a 200-day moving average of $48.63.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $48.00, for a total value of $120,000.00. Following the sale, the chief operating officer now directly owns 112,025 shares of the company’s stock, valued at approximately $5,377,200. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 44,292 shares of company stock valued at $2,307,784 in the last three months. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of OneMain

Several institutional investors have recently bought and sold shares of OMF. Northwest & Ethical Investments L.P. bought a new position in shares of OneMain in the third quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OneMain by 12.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,129 shares of the financial services provider’s stock valued at $1,230,000 after acquiring an additional 2,803 shares in the last quarter. Bridgewater Associates LP boosted its stake in OneMain by 466.1% during the 3rd quarter. Bridgewater Associates LP now owns 26,416 shares of the financial services provider’s stock valued at $1,243,000 after purchasing an additional 21,750 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of OneMain by 675.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 47,999 shares of the financial services provider’s stock worth $2,259,000 after purchasing an additional 41,808 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of OneMain in the third quarter worth $2,565,000. 85.82% of the stock is 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.