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

StockNews.com lowered shares of OneMain (NYSE:OMF - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

OMF has been the subject of several other reports. Northland Securities lifted their price target on OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $60.00 target price on shares of OneMain in a research report on Monday, October 14th. Wells Fargo & Company decreased their price target on shares of OneMain from $53.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, October 14th. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.00.

OneMain Trading Down 0.1 %

NYSE:OMF traded down $0.03 on Friday, hitting $46.47. The company's stock had a trading volume of 742,628 shares, compared to its average volume of 982,426. OneMain has a one year low of $35.00 and a one year high of $54.94. The firm has a market capitalization of $5.57 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56. The stock has a fifty day moving average of $46.97 and a two-hundred day moving average of $48.28.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same quarter last year, the firm posted $1.01 EPS. As a group, sell-side analysts anticipate that OneMain will post 4.91 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.95%. OneMain's payout ratio is 85.42%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other OneMain news, COO Micah R. Conrad sold 886 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Micah R. Conrad sold 1,614 shares of the business's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total transaction of $80,700.00. Following the sale, the chief operating officer now directly owns 110,411 shares in the company, valued at approximately $5,520,550. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $1,534,275 in the last ninety days. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On OneMain

Several large investors have recently bought and sold shares of the company. Capital International Investors lifted its holdings in shares of OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider's stock worth $488,937,000 after purchasing an additional 889,387 shares during the period. Clearbridge Investments LLC lifted its holdings in OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock worth $96,561,000 after buying an additional 743,034 shares during the period. Principal Financial Group Inc. grew its position in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider's stock valued at $629,314,000 after buying an additional 373,900 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of OneMain during the third quarter worth about $17,016,000. 85.82% of the stock is currently owned by institutional investors.

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.