OneMain (NYSE:OMF - Get Free Report)'s stock had its "market outperform" rating restated by stock analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $65.00 price target on the financial services provider's stock. JMP Securities' target price points to a potential upside of 14.34% from the stock's current price.
A number of other research firms also recently weighed in on OMF. Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Stephens started coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target on the stock. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and a consensus price target of $57.15.
Read Our Latest Stock Analysis on OMF
OneMain Stock Performance
Shares of NYSE:OMF traded up $0.07 during trading on Monday, reaching $56.85. The company had a trading volume of 735,391 shares, compared to its average volume of 1,088,158. The firm's fifty day moving average is $54.69 and its 200 day moving average is $50.98. The firm has a market capitalization of $6.79 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90.
Insider Buying and Selling
In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company's 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 transaction, the chief executive officer now owns 392,474 shares in the company, valued at approximately $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 the SEC website. Company insiders own 0.45% of the company's stock.
Hedge Funds Weigh In On OneMain
Institutional investors and hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. bought a new position in OneMain during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC bought a new position in shares of OneMain during the 4th quarter valued at $26,000. Albion Financial Group UT bought a new position in shares of OneMain during the 4th quarter valued at $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the 3rd quarter valued at $28,000. Finally, IFP Advisors Inc increased its position in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
About OneMain
(
Get Free Report)
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.
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