OneMain (NYSE:OMF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

OneMain (NYSE:OMF) had its price objective raised by Royal Bank of Canada from $62.00 to $65.00 in a research note released on Monday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.

OMF has been the topic of a number of other research reports. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a research note on Monday. Finally, Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.15.

OneMain Price Performance

Shares of NYSE OMF opened at $56.80 on Monday. The firm has a market capitalization of $6.78 billion, a PE ratio of 13.40, a P/E/G ratio of 0.48 and a beta of 1.59. OneMain has a 1-year low of $41.70 and a 1-year high of $58.90. The business’s fifty day moving average price is $54.69 and its two-hundred 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. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.32%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Buying and Selling

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

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new position in shares of OneMain in the 4th quarter worth $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain in the 4th quarter valued at $26,000. Albion Financial Group UT purchased a new position in OneMain in the 4th quarter worth about $26,000. Continuum Advisory LLC acquired a new stake in OneMain during the 3rd quarter worth about $28,000. Finally, IFP Advisors Inc lifted its stake in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds 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.