JPMorgan Chase & Co. Raises OneMain (NYSE:OMF) Price Target to $59.00

OneMain (NYSE:OMF) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $56.00 to $59.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 7.61% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Stephens initiated coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $56.08.

OneMain Stock Down 1.3 %

Shares of NYSE OMF opened at $54.83 on Monday. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The company has a market cap of $6.54 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.70 and a beta of 1.56. The business’s 50 day moving average is $51.67 and its two-hundred day moving average is $49.37.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,178 shares of company stock worth $2,107,084 in the last quarter. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in OneMain during the 3rd quarter worth about $28,000. EdgeRock Capital LLC bought a new stake in shares of OneMain during the second quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. raised its position in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

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.