OneMain (NYSE:OMF) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of OneMain (NYSE:OMF – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Other research analysts have also issued research reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wells Fargo & Company boosted their price target on OneMain from $63.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Citizens Jmp decreased their price target on OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research note on Monday, November 24th. Finally, Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.30.

View Our Latest Research Report on OMF

OneMain Price Performance

OMF opened at $66.59 on Friday. OneMain has a fifty-two week low of $38.00 and a fifty-two week high of $71.93. The business has a 50-day moving average of $64.74 and a 200-day moving average of $60.50. The company has a market capitalization of $7.84 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.39 and a beta of 1.33.

OneMain (NYSE:OMF – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.58 by $0.32. The business had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a return on equity of 22.70% and a net margin of 13.15%.During the same quarter in the previous year, the business posted $1.31 EPS. On average, equities research analysts expect that OneMain will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, November 10th. This is an increase from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio is currently 71.19%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the sale, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 652 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the transaction, the senior vice president owned 15,179 shares in the company, valued at $941,098. This represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 98,152 shares of company stock valued at $6,353,899 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of OneMain

Several institutional investors have recently modified their holdings of OMF. Wealth Enhancement Advisory Services LLC raised its stake in shares of OneMain by 26.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,869 shares of the financial services provider’s stock valued at $2,922,000 after purchasing an additional 8,498 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in OneMain in the 4th quarter valued at $288,000. Impact Capital Partners LLC raised its stake in shares of OneMain by 2.4% in the 4th quarter. Impact Capital Partners LLC now owns 59,752 shares of the financial services provider’s stock valued at $4,036,000 after buying an additional 1,380 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of OneMain by 46.7% during the 4th quarter. GAMMA Investing LLC now owns 1,402 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 446 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of OneMain by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after acquiring an additional 72,688 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

About OneMain

(Get Free Report)

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

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