OneMain (NYSE:OMF) Stock Price Expected to Rise, Barclays Analyst Says

OneMain (NYSE:OMF - Get Free Report) had its target price upped by stock analysts at Barclays from $48.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Barclays's price objective would suggest a potential downside of 5.21% from the stock's current price.

OMF has been the topic of several other reports. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Stock Performance

NYSE:OMF traded up $0.17 during trading hours on Tuesday, hitting $59.08. 2,018,835 shares of the company's stock traded hands, compared to its average volume of 1,113,594. The firm 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 twelve month low of $38.00 and a twelve month high of $60.12. The stock's fifty day moving average price is $52.85 and its two-hundred day moving average price is $51.71.

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 for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $1.45 EPS. The business's revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that OneMain will post 6.46 earnings per share for the current year.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer directly owned 108,007 shares of the company's stock, valued at approximately $5,639,045.47. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 368,925 shares of the company's stock, valued at approximately $18,446,250. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,000 shares of company stock valued at $5,082,190. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in OneMain by 0.3% during 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 purchasing an additional 40,042 shares in the last quarter. FMR LLC increased its holdings in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after purchasing an additional 1,352,604 shares in the last quarter. Capital International Investors boosted its position in OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after buying an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC boosted its position in OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after buying an additional 35,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in OneMain by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider's stock valued at $182,610,000 after buying an additional 256,308 shares during the last quarter. 85.82% of the stock is 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.