OneMain (NYSE:OMF) Price Target Raised to $65.00

OneMain (NYSE:OMF - Free Report) had its target price lifted by Royal Bank of Canada from $62.00 to $65.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the financial services provider's stock.

Several other equities research analysts have also issued reports on OMF. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. 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 report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a report on Monday. Stephens restated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday. Finally, StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $57.15.

OneMain Trading Up 0.1 %

NYSE OMF traded up $0.07 on Monday, hitting $56.85. 735,383 shares of the company traded hands, compared to its average volume of 1,077,735. The business's 50 day moving average price is $54.69 and its 200-day moving average price is $50.94. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.48 and a beta of 1.59. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.32%. OneMain's dividend payout ratio is currently 98.11%.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction dated 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 approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company's stock.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Sei Investments Co. raised its holdings in shares of OneMain by 82.3% in the second quarter. Sei Investments Co. now owns 13,573 shares of the financial services provider's stock worth $658,000 after buying an additional 6,128 shares during the period. Creative Planning grew its position in OneMain by 21.7% in the 2nd quarter. Creative Planning now owns 40,595 shares of the financial services provider's stock valued at $1,968,000 after acquiring an additional 7,236 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after purchasing an additional 271 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of OneMain by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider's stock worth $285,000 after purchasing an additional 454 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of OneMain by 3.7% during the second quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider's stock valued at $1,395,000 after purchasing an additional 1,037 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.