OneMain (NYSE:OMF) was upgraded by stock analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.
A number of other analysts have also recently issued reports on OMF. ValuEngine raised OneMain from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. BMO Capital Markets upped their price target on OneMain from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Bank of America downgraded OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Northland Securities reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. OneMain currently has an average rating of “Hold” and a consensus price target of $32.85.
Shares of OneMain (NYSE OMF) opened at $26.64 on Thursday. OneMain has a 52 week low of $21.56 and a 52 week high of $33.39. The stock has a market capitalization of $3,559.68, a P/E ratio of 21.14, a P/E/G ratio of 1.28 and a beta of 2.72.
In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,500,000 shares of company stock worth $474,250,000. 57.73% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of OMF. JPMorgan Chase & Co. increased its position in shares of OneMain by 103.0% in the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,200 shares during the period. SG Americas Securities LLC bought a new position in shares of OneMain in the third quarter worth $119,000. Cubist Systematic Strategies LLC bought a new position in shares of OneMain in the second quarter worth $132,000. Royal Bank of Canada increased its position in shares of OneMain by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,664 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of OneMain by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.
About OneMain
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.