OneMain (NYSE:OMF) Given New $55.00 Price Target at Northland Securities

OneMain (NYSE:OMF) had its target price boosted by research analysts at Northland Securities from $53.00 to $55.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Northland Securities’ target price would suggest a potential upside of 5.26% from the company’s previous close.

OMF has been the subject of several other reports. JMP Securities increased their price objective on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. BTIG Research assumed coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. TD Cowen upped their target price on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their target price on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

OneMain Price Performance

Shares of OMF stock opened at $52.25 on Thursday. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.79 and a beta of 1.58. The stock has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $48.73. OneMain has a 1-year low of $35.00 and a 1-year high of $54.94.

OneMain (NYSE:OMF) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same period in the prior year, the company posted $1.46 EPS. Analysts anticipate that OneMain will post 5.48 earnings per share for the current fiscal year.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the transaction, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,500 shares of company stock worth $1,500,055. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in OneMain during the fourth quarter valued at about $62,732,000. Brave Warrior Advisors LLC grew its position in OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after acquiring an additional 1,118,166 shares during the period. Capital International Investors grew its position in OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after acquiring an additional 889,387 shares during the period. Clearbridge Investments LLC grew its position in OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.