StockNews.com Upgrades OneMain (NYSE:OMF) to Buy

StockNews.com upgraded shares of OneMain (NYSE:OMF) from a hold rating to a buy rating in a research note released on Wednesday morning.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company increased their price target on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Finally, Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.36.

OneMain Stock Performance

OneMain stock opened at $54.78 on Wednesday. The business’s 50-day simple moving average is $54.59 and its 200-day simple moving average is $51.08. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90. The firm has a market capitalization of $6.54 billion, a PE ratio of 12.92, a PEG ratio of 0.45 and a beta of 1.59.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors 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 7.59%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Institutional Trading of OneMain

A number of large investors have recently bought and sold shares of OMF. TCW Group Inc. boosted its stake in shares of OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Quest Partners LLC lifted its holdings in OneMain by 430.4% during the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 31,341 shares during the last quarter. Empowered Funds LLC boosted its position in OneMain by 38.1% in the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 9,349 shares in the last quarter. Sanctuary Advisors LLC grew its stake in OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after buying an additional 10,253 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after buying an additional 87,084 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

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.