OneMain (NYSE:OMF) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of OneMain (NYSE:OMF - Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday.

OMF has been the topic of several other reports. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of OneMain in a report on Monday. Royal Bank of Canada upped their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday. Stephens reiterated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research report on Monday. Finally, Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $57.15.

OneMain Stock Down 0.5 %

Shares of OMF stock traded down $0.30 during trading on Monday, reaching $56.52. The company's stock had a trading volume of 563,523 shares, compared to its average volume of 1,067,175. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. OneMain has a one year low of $41.70 and a one year high of $58.90. The business has a fifty day moving average price of $54.69 and a 200-day moving average price of $50.98.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction 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 directly owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new position in OneMain during the fourth quarter worth $26,000. Albion Financial Group UT bought a new position in shares of OneMain in the fourth quarter valued at $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the third quarter valued at about $28,000. Finally, IFP Advisors Inc raised its holdings in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after acquiring an additional 495 shares during the last quarter. 85.82% of the stock is owned by 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.