OneMain (NYSE:OMF) Given New $63.00 Price Target at Compass Point

OneMain (NYSE:OMF) had its price target raised by Compass Point from $60.00 to $63.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Compass Point’s price target would indicate a potential upside of 23.12% from the stock’s previous close.

OMF has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Monday, October 14th. Wells Fargo & Company lowered their price objective on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.69.

OneMain Price Performance

OMF stock traded down $0.75 on Thursday, reaching $51.17. 318,826 shares of the company traded hands, compared to its average volume of 995,669. OneMain has a one year low of $35.53 and a one year high of $54.94. The firm has a fifty day simple moving average of $46.99 and a 200-day simple moving average of $48.29. The company has a market cap of $6.13 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. On average, sell-side analysts forecast that OneMain will post 4.91 EPS for the current year.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the sale, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock worth $1,534,275 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new position in OneMain in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. lifted its stake in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC boosted 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 worth $49,000 after acquiring an additional 304 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 437 shares during the last quarter. Hedge funds and other institutional investors 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.