OneMain (NYSE:OMF) Price Target Raised to $63.00 at Compass Point

OneMain (NYSE:OMF) had its target price boosted by research analysts at Compass Point from $60.00 to $63.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price suggests a potential upside of 26.53% from the company’s current price.

A number of other research analysts also recently commented on OMF. Northland Securities lifted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average target price of $55.08.

OneMain Stock Performance

NYSE:OMF opened at $49.79 on Thursday. OneMain has a 52-week low of $36.52 and a 52-week high of $54.94. The company has a market cap of $5.96 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.98 and a beta of 1.56. The stock’s 50-day simple moving average is $47.13 and its 200 day simple moving average is $48.33.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 19.31% and a net margin of 11.27%. During the same quarter in the previous year, the firm earned $1.01 EPS. As a group, equities analysts predict that OneMain will post 4.91 earnings per share for the current fiscal year.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,792 shares of company stock valued at $2,032,859. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC boosted its holdings in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of OneMain during the second quarter valued at about $608,000. Swedbank AB acquired a new stake in shares of OneMain during the first quarter valued at about $817,000. Argent Capital Management LLC grew its holdings in shares of OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after purchasing an additional 169,339 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after buying an additional 271 shares during the period. 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.