OneMain’s (OMF) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of OneMain (NYSE:OMF) in a research note released on Monday,Benzinga reports. They currently have a $65.00 price target on the financial services provider’s stock.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research report on Thursday, January 16th. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Stephens began coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. Finally, StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.15.

OneMain Stock Performance

Shares of OMF stock opened at $56.80 on Monday. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm has a market cap of $6.78 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.48 and a beta of 1.59. The business’s 50 day moving average price is $54.69 and its 200-day moving average price is $50.94.

OneMain Announces Dividend

The firm also recently disclosed 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 (DPR) is presently 98.11%.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legend Financial Advisors Inc. bought a new stake in shares of OneMain in the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in OneMain in the 4th quarter worth approximately $26,000. Albion Financial Group UT purchased a new stake in OneMain during the 4th quarter valued at $26,000. Continuum Advisory LLC bought a new position in shares of OneMain during the 3rd quarter valued at $28,000. Finally, IFP Advisors Inc boosted its stake 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 buying an additional 495 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.