Barclays Issues Positive Forecast for OneMain (NYSE:OMF) Stock Price

OneMain (NYSE:OMF - Get Free Report) had its price objective boosted by research analysts at Barclays from $48.00 to $56.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Barclays's target price would indicate a potential downside of 6.39% from the stock's current price.

OMF has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Evercore ISI started coverage on OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.11.

OneMain Price Performance

Shares of OMF traded up $0.80 during trading hours on Tuesday, hitting $59.82. The stock had a trading volume of 1,783,644 shares, compared to its average volume of 1,065,494. The stock has a fifty day moving average price of $53.34 and a 200 day moving average price of $51.82. The firm has a market capitalization of $7.12 billion, a PE ratio of 12.65, a PEG ratio of 0.51 and a beta of 1.32. OneMain has a 12 month low of $38.00 and a 12 month high of $60.12.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 11.06% and a return on equity of 19.30%. OneMain's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. As a group, analysts anticipate that OneMain will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Monday, June 16th. The shares were sold at an average price of $52.56, for a total value of $1,051,200.00. Following the transaction, the chief executive officer directly owned 323,925 shares of the company's stock, valued at $17,025,498. The trade was a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total transaction of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,000 shares of company stock valued at $5,082,190. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OMF. Alpine Bank Wealth Management acquired a new position in OneMain in the 1st quarter valued at about $27,000. SVB Wealth LLC purchased a new position in shares of OneMain in the 1st quarter valued at approximately $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of OneMain in the first quarter valued at approximately $42,000. Headlands Technologies LLC purchased a new stake in shares of OneMain during the first quarter worth approximately $46,000. Finally, GAMMA Investing LLC raised its stake in shares of OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after purchasing an additional 662 shares during 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.