OneMain (NYSE:OMF) Upgraded at StockNews.com

StockNews.com upgraded shares of OneMain (NYSE:OMF - Free Report) from a hold rating to a buy rating in a research note released on Wednesday morning.

Other analysts have also issued reports about the stock. Royal Bank of Canada increased their price target on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Compass Point boosted their target price on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Stephens reissued an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.36.

OneMain Stock Up 3.2 %

Shares of OMF traded up $1.76 on Wednesday, reaching $56.97. The stock had a trading volume of 790,163 shares, compared to its average volume of 1,104,020. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The firm has a market capitalization of $6.80 billion, a PE ratio of 13.44, a PEG ratio of 0.45 and a beta of 1.59. The firm has a 50-day moving average of $54.54 and a 200 day moving average of $51.13.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.30%. OneMain's payout ratio is currently 98.11%.

Institutional Trading of OneMain

Several large investors have recently bought and sold shares of OMF. AQR Capital Management LLC lifted its stake in shares of OneMain by 37.8% in the fourth quarter. AQR Capital Management LLC now owns 835,288 shares of the financial services provider's stock worth $43,544,000 after acquiring an additional 229,001 shares in the last quarter. Lido Advisors LLC grew its position in shares of OneMain by 6.8% in the 4th quarter. Lido Advisors LLC now owns 42,670 shares of the financial services provider's stock worth $2,224,000 after acquiring an additional 2,728 shares in the last quarter. Northern Trust Corp increased its stake in OneMain by 19.2% during the fourth quarter. Northern Trust Corp now owns 1,538,672 shares of the financial services provider's stock valued at $80,211,000 after purchasing an additional 248,151 shares during the last quarter. Quarry LP raised its stake in OneMain by 1,094.9% during the fourth quarter. Quarry LP now owns 2,581 shares of the financial services provider's stock worth $135,000 after acquiring an additional 2,365 shares during the period. Finally, Prosperity Consulting Group LLC lifted its holdings in shares of OneMain by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock worth $317,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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.