OneMain (NYSE:OMF) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued on Friday, MarketBeat.com reports. They presently have a $25.00 price objective on the financial services provider’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 26.64% from the stock’s previous close.
Several other brokerages have also commented on OMF. Jefferies Group reiterated a “buy” rating and set a $48.00 price target on shares of OneMain in a research note on Thursday. Citigroup initiated coverage on shares of OneMain in a research note on Monday, October 16th. They issued a “neutral” rating and a $35.00 price objective on the stock. Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Barclays restated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Wednesday, December 13th. Finally, Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. OneMain currently has a consensus rating of “Hold” and an average price target of $34.00.
Shares of OneMain (NYSE:OMF) opened at $34.08 on Friday. OneMain has a one year low of $21.56 and a one year high of $35.11. The company has a market cap of $4,612.73, a price-to-earnings ratio of 10.39, a P/E/G ratio of 1.56 and a beta of 2.72.
In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of OneMain stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,500,000 shares of company stock worth $474,250,000. 57.73% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of OneMain by 7.9% during the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after acquiring an additional 789,858 shares during the period. Vanguard Group Inc. increased its stake in shares of OneMain by 4.1% during the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after acquiring an additional 172,224 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of OneMain by 22.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock worth $53,231,000 after acquiring an additional 344,126 shares during the period. Brandywine Global Investment Management LLC increased its stake in shares of OneMain by 6.8% during the second quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after acquiring an additional 102,652 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of OneMain by 5.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock worth $37,043,000 after acquiring an additional 72,821 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.
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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.
