StockNews.com Downgrades OneMain (NYSE:OMF) to Hold

OneMain (NYSE:OMF) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on OMF. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Northland Securities upped their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.00.

OneMain Trading Down 0.1 %

Shares of NYSE:OMF opened at $46.47 on Friday. The firm has a 50 day moving average of $46.97 and a 200-day moving average of $48.28. The stock has a market capitalization of $5.57 billion, a PE ratio of 9.54, a PEG ratio of 0.89 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 data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during 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 period in the prior year, the company earned $1.01 EPS. On average, research analysts predict that OneMain will post 4.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,300 shares of company stock worth $1,534,275. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Several institutional investors and hedge funds have recently made changes to their positions in OMF. PNC Financial Services Group Inc. raised its holdings in shares of OneMain by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 200 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in OneMain by 1.3% during the first quarter. Aviance Capital Partners LLC now owns 26,724 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 352 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in OneMain by 2.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 44,557 shares of the financial services provider’s stock worth $2,276,000 after buying an additional 1,025 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in OneMain by 6.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 36,536 shares of the financial services provider’s stock worth $1,867,000 after buying an additional 2,367 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in OneMain by 6.5% during the first quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider’s stock worth $523,000 after buying an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.