OneMain (NYSE:OMF) Upgraded by Northland Securities to Outperform Rating

OneMain (NYSE:OMF - Get Free Report) was upgraded by research analysts at Northland Securities from a "market perform" rating to an "outperform" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

Several other research firms have also recently weighed in on OMF. JMP Securities reissued a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI began coverage on OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective for the company. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.17.

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OneMain Trading Up 0.1 %

OneMain stock traded up $0.04 during trading hours on Tuesday, reaching $43.06. 1,795,287 shares of the company were exchanged, compared to its average volume of 1,028,209. OneMain has a 12 month low of $38.00 and a 12 month high of $58.90. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.44 and a beta of 1.35. The stock has a 50-day moving average of $50.30 and a 200 day moving average of $51.75.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Impact Capital Partners LLC boosted its stake in shares of OneMain by 17.2% during the 1st quarter. Impact Capital Partners LLC now owns 51,728 shares of the financial services provider's stock worth $2,528,000 after acquiring an additional 7,585 shares during the period. Sendero Wealth Management LLC increased its holdings in shares of OneMain by 47.5% during the first quarter. Sendero Wealth Management LLC now owns 15,388 shares of the financial services provider's stock worth $752,000 after purchasing an additional 4,954 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of OneMain by 53,625.0% in the first quarter. Whipplewood Advisors LLC now owns 2,149 shares of the financial services provider's stock valued at $105,000 after buying an additional 2,145 shares during the period. Fulton Bank N.A. lifted its position in shares of OneMain by 56.8% during the 1st quarter. Fulton Bank N.A. now owns 10,254 shares of the financial services provider's stock valued at $501,000 after acquiring an additional 3,715 shares during the period. Finally, GAMMA Investing LLC grew its stake in OneMain by 14,167.2% during the first quarter. GAMMA Investing LLC now owns 49,222 shares of the financial services provider's stock worth $2,406,000 after buying an additional 48,877 shares in 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.