OneMain (NYSE:OMF) Coverage Initiated at Evercore ISI

Evercore ISI assumed coverage on shares of OneMain (NYSE:OMF) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage issued an in-line rating and a $58.00 target price on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Stephens reiterated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.17.

OneMain Trading Down 2.5 %

NYSE:OMF opened at $51.57 on Tuesday. The stock has a fifty day simple moving average of $53.48 and a 200-day simple moving average of $51.91. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.07%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock valued at $619,779,000 after buying an additional 40,042 shares during the period. FMR LLC lifted its holdings in OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors boosted its position in shares of OneMain by 2.1% during the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock worth $533,729,000 after purchasing an additional 211,745 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in shares of OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after purchasing an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock valued at $181,402,000 after purchasing an additional 109,182 shares in 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.