OneMain (NYSE:OMF) Upgraded at Northland Capmk

OneMain (NYSE:OMF - Get Free Report) was upgraded by investment analysts at Northland Capmk from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, April 8th,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lifted 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 raised their target price on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $58.17.

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OneMain Price Performance

NYSE OMF traded up $0.72 during trading hours on Tuesday, hitting $44.86. 193,124 shares of the company's stock traded hands, compared to its average volume of 1,025,630. The company has a market capitalization of $5.35 billion, a PE ratio of 10.58, a PEG ratio of 0.44 and a beta of 1.35. OneMain has a 52-week low of $38.00 and a 52-week high of $58.90. The firm's 50-day moving average is $50.05 and its 200-day moving average is $51.76.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneMain

Large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased 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 during the last quarter. Stifel Financial Corp boosted its position in OneMain by 16.1% during the 3rd quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider's stock worth $3,737,000 after purchasing an additional 10,994 shares during the period. State Street Corp boosted its position in shares of OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock worth $100,770,000 after buying an additional 16,615 shares during the period. Wellington Management Group LLP grew its position in OneMain by 12.0% in the third quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider's stock valued at $21,356,000 after acquiring an additional 48,790 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in OneMain by 65.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider's stock worth $500,000 after buying an additional 4,188 shares during the period. 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.