OneMain (NYSE:OMF) Price Target Raised to $56.00 at Barclays

OneMain (NYSE:OMF - Get Free Report) had its price objective boosted by research analysts at Barclays from $48.00 to $56.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target would indicate a potential downside of 5.19% from the stock's current price.

A number of other equities analysts have also recently weighed in on OMF. Wells Fargo & Company lowered their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Evercore ISI started coverage on OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. Finally, Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong 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 $58.11.

OneMain Trading Up 0.1%

NYSE:OMF traded up $0.05 during trading hours on Tuesday, hitting $59.07. The company had a trading volume of 108,050 shares, compared to its average volume of 1,058,348. The company has a 50-day moving average of $53.09 and a 200 day moving average of $51.77. The company has a market cap of $7.03 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.51 and a beta of 1.32. OneMain has a 1 year low of $38.00 and a 1 year high of $60.12.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, analysts forecast that OneMain will post 6.46 earnings per share for the current year.

Insider Transactions at OneMain

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

Institutional Investors Weigh In On OneMain

Hedge funds have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new stake in OneMain in the 1st quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in shares of OneMain during the 1st quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of OneMain during the 1st quarter worth about $42,000. Headlands Technologies LLC acquired a new stake in shares of OneMain during the 1st quarter worth about $46,000. Finally, GAMMA Investing LLC raised its position in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after acquiring an additional 662 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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.