JMP Securities Reaffirms Market Outperform Rating for OneMain (NYSE:OMF)

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $65.00 target price on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 19.57% from the stock’s previous close.

Several other analysts also recently issued reports on OMF. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research note on Thursday, January 16th. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Compass Point boosted their target price 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. Finally, StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.92.

OneMain Stock Down 2.1 %

NYSE:OMF opened at $54.36 on Monday. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The stock has a fifty day simple moving average of $54.80 and a 200-day simple moving average of $50.85. The company has a market capitalization of $6.49 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in OneMain during the 4th quarter worth $26,000. Albion Financial Group UT bought a new stake in shares of OneMain in the 4th quarter worth about $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the 3rd quarter valued at about $28,000. Finally, Richardson Financial Services Inc. bought a new position in shares of OneMain during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.