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

OneMain (NYSE:OMF - Get Free Report) had its target price hoisted by investment analysts at Barclays from $48.00 to $56.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's price objective would indicate a potential downside of 5.15% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

OneMain Trading Down 1.3%

OMF traded down $0.77 during trading hours on Tuesday, hitting $59.04. The company's stock had a trading volume of 318,117 shares, compared to its average volume of 1,062,625. The business's 50-day moving average price is $53.34 and its 200-day moving average price is $51.82. OneMain has a 12 month low of $38.00 and a 12 month high of $60.12. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.51 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly 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 net margin of 11.06% and a return on equity of 19.30%. The company had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that OneMain will post 6.46 earnings per share for the current year.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 323,925 shares of the company's stock, valued at $17,025,498. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief operating officer directly owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,000 shares of company stock valued at $5,082,190. 0.40% of the stock is owned by insiders.

Institutional Trading of OneMain

A number of hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in OneMain by 73.4% in the second quarter. Farther Finance Advisors LLC now owns 2,896 shares of the financial services provider's stock worth $165,000 after acquiring an additional 1,226 shares during the period. Assenagon Asset Management S.A. bought a new position in OneMain in the second quarter worth about $1,036,000. Kingstone Capital Partners Texas LLC bought a new position in OneMain in the second quarter worth about $611,102,000. Marshall Financial Group LLC bought a new position in OneMain in the second quarter worth about $1,050,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in OneMain by 48.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,189 shares of the financial services provider's stock worth $1,266,000 after purchasing an additional 6,920 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.