OneMain (NYSE:OMF) Stock Rating Lowered by Barclays

Barclays downgraded shares of OneMain (NYSE:OMF) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has $46.00 price objective on the financial services provider’s stock, down from their prior price objective of $52.00.

Several other equities research analysts have also weighed in on the company. JMP Securities reiterated a market outperform rating and issued a $60.00 price objective on shares of OneMain in a research note on Tuesday, September 24th. Northland Securities increased their price objective on OneMain from $53.00 to $55.00 and gave the stock a market perform rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on OneMain from $56.00 to $51.00 and set an overweight rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of OneMain from $64.00 to $61.00 and set a buy rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued an outperform rating and set a $60.00 price target on shares of OneMain in a report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $54.33.

OneMain Price Performance

OMF opened at $45.61 on Tuesday. OneMain has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The company has a market capitalization of $5.46 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.87 and a beta of 1.56. The firm’s fifty day moving average price is $46.66 and its two-hundred day moving average price is $48.52.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same period in the previous year, the business earned $1.01 EPS. On average, equities research analysts expect that OneMain will post 4.91 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.12%. OneMain’s dividend payout ratio (DPR) is currently 85.42%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now directly owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock worth $1,534,275 in the last quarter. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Several institutional investors and hedge funds have recently made changes to their positions in OMF. Brave Warrior Advisors LLC grew its stake in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after purchasing an additional 1,118,166 shares during the period. Capital International Investors grew its position in shares of OneMain by 10.2% during the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares during the period. Clearbridge Investments LLC increased its stake in shares of OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after acquiring an additional 708,804 shares during the period. Finally, Argent Capital Management LLC boosted its stake in OneMain by 608.1% during the 1st quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after acquiring an additional 432,492 shares during the last quarter. Institutional investors 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.