OneMain (NYSE:OMF) Upgraded by Northland Securities to Outperform Rating

OneMain (NYSE:OMF) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat.com reports.

Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company upped their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target of $59.17.

OneMain Trading Up 1.2 %

OMF stock opened at $41.51 on Tuesday. The firm has a 50-day moving average price of $51.90 and a 200-day moving average price of $51.99. OneMain has a 12 month low of $38.00 and a 12 month high of $58.90. The stock has a market capitalization of $4.95 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

Insider Activity at OneMain

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

Institutional Investors Weigh In On OneMain

A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock worth $117,280,000 after buying an additional 1,796,054 shares during the period. Norges Bank acquired a new stake in OneMain in the fourth quarter worth $72,936,000. FMR LLC increased its stake in OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after purchasing an additional 1,352,604 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock valued at $150,445,000 after purchasing an additional 1,013,312 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of OneMain during the 4th quarter worth about $46,195,000. 85.82% of the stock is currently 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.