OneMain (NYSE:OMF) Price Target Lowered to $58.00 at JPMorgan Chase & Co.

OneMain (NYSE:OMF - Get Free Report) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $59.00 to $58.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 8.27% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company upped their target price on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Stephens began coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 target price for the company. JMP Securities increased their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

OneMain Trading Up 1.9 %

Shares of OMF traded up $0.99 during mid-day trading on Tuesday, reaching $53.57. 868,113 shares of the stock traded hands, compared to its average volume of 828,939. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58. OneMain has a 1 year low of $41.70 and a 1 year high of $57.97. The firm has a fifty day moving average price of $54.41 and a 200 day moving average price of $50.16.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the chief executive officer now directly owns 412,474 shares of the company's stock, valued at $21,861,122. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in shares of OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock valued at $1,305,000 after purchasing an additional 204 shares in the last quarter. UMB Bank n.a. boosted its position in OneMain by 13.9% during the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 247 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock worth $59,000 after acquiring an additional 264 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after acquiring an additional 271 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in shares of OneMain by 4.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider's stock valued at $314,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors 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.