OneMain (NYSE:OMF) Downgraded by StockNews.com

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

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on OneMain from $56.00 to $51.00 and set an overweight rating for the company in a research report on Monday, October 7th. Royal Bank of Canada decreased their price target on shares of OneMain from $60.00 to $58.00 and set an outperform rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of OneMain from $64.00 to $61.00 and set a buy rating for the company in a report on Tuesday, July 9th. Barclays downgraded OneMain from an overweight rating to an equal weight rating and lowered their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Northland Securities upped their price objective on OneMain from $53.00 to $55.00 and gave the stock a market perform rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $54.33.

OneMain Trading Up 1.2 %

Shares of NYSE:OMF opened at $46.18 on Thursday. The company has a 50 day moving average of $46.68 and a 200 day moving average of $48.49. The stock has a market cap of $5.53 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.87 and a beta of 1.56. OneMain has a 12 month low of $35.00 and a 12 month high of $54.94.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities analysts forecast that OneMain will post 4.91 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 9.01%. The ex-dividend date was Monday, August 12th. OneMain’s payout ratio is 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at $20,873,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock valued at $1,534,275 in the last quarter. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently bought and sold shares of OMF. EdgeRock Capital LLC purchased a new position in shares of OneMain during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain during the second quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after buying an additional 304 shares during the period. Finally, UMB Bank n.a. lifted its position in OneMain by 557.8% during the first quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,138 shares during the period. 85.82% of the stock is 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.