OneMain (NYSE:OMF) Downgraded to “Hold” Rating by StockNews.com

OneMain (NYSE:OMF) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

OMF has been the topic of several other reports. JMP Securities lifted their price target on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Northland Securities lifted their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.08.

OneMain Stock Up 6.4 %

Shares of NYSE:OMF opened at $54.48 on Tuesday. OneMain has a 12 month low of $36.52 and a 12 month high of $54.94. The company’s fifty day simple moving average is $47.32 and its 200 day simple moving average is $48.44. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.62 and a beta of 1.54.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their position. 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.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in OMF. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of OneMain by 6.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 36,536 shares of the financial services provider’s stock valued at $1,867,000 after buying an additional 2,367 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of OneMain by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider’s stock valued at $523,000 after buying an additional 622 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of OneMain in the 1st quarter valued at approximately $383,000. AIA Group Ltd acquired a new position in shares of OneMain in the 1st quarter valued at approximately $495,000. Finally, Empowered Funds LLC raised its position in shares of OneMain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 22,700 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 2,119 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.