OneMain (NYSE:OMF) PT Lowered to $49.00 at Wells Fargo & Company

OneMain (NYSE:OMF) had its price target reduced by Wells Fargo & Company from $53.00 to $49.00 in a research note published on Monday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of OneMain in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Northland Securities boosted their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Stock Performance

NYSE OMF opened at $48.03 on Monday. OneMain has a one year low of $35.00 and a one year high of $54.94. The stock has a 50-day moving average of $46.75 and a 200 day moving average of $48.41. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.87 and a beta of 1.56.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period last year, the company earned $1.01 EPS. On average, equities analysts predict that OneMain will post 4.91 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.66%. OneMain’s payout ratio is currently 81.09%.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at approximately $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,300 shares of company stock valued at $1,534,275. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Large investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in OneMain in the 2nd quarter worth approximately $34,000. Blue Trust Inc. increased its stake in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 437 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.