Stephens Reaffirms Overweight Rating for OneMain (NYSE:OMF)

OneMain (NYSE:OMF - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at Stephens in a note issued to investors on Monday,Benzinga reports. They presently have a $62.00 target price on the financial services provider's stock. Stephens' target price would suggest a potential upside of 9.06% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. JMP Securities reissued a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research note on Monday. Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $62.00 price target on shares of OneMain in a research report on Thursday, January 16th. Finally, StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and an average target price of $57.15.

OneMain Stock Performance

Shares of NYSE:OMF traded up $0.07 on Monday, hitting $56.85. The company's stock had a trading volume of 735,391 shares, compared to its average volume of 1,088,158. OneMain has a 12 month low of $41.70 and a 12 month high of $58.90. The stock's 50-day moving average is $54.69 and its two-hundred day moving average is $50.98. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OneMain

Hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP grew its stake in OneMain by 0.7% in the third 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. Atria Wealth Solutions Inc. lifted its holdings in shares of OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after buying an additional 234 shares during the last quarter. UMB Bank n.a. raised its position in OneMain by 13.9% during the third 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. Finally, Avitas Wealth Management LLC lifted its stake in OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after acquiring an additional 256 shares during the last quarter. 85.82% of the stock is 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.