OneMain (NYSE:OMF) Upgraded by Northland Securities to “Outperform” Rating

Northland Securities upgraded shares of OneMain (NYSE:OMF) from a market perform rating to an outperform rating in a report released on Tuesday morning, MarketBeat reports.

Several other research analysts have also weighed in on OMF. Royal Bank of Canada lifted 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. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Barclays set a $56.00 price target on shares of OneMain in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.17.

OneMain Stock Down 3.9 %

OneMain stock opened at $39.90 on Tuesday. OneMain has a 12-month low of $38.00 and a 12-month high of $58.90. The stock has a 50-day simple moving average of $51.19 and a 200 day simple moving average of $51.84. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 10.43%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in OneMain by 14,167.2% in the first quarter. GAMMA Investing LLC now owns 49,222 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 48,877 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of OneMain by 46.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,122 shares of the financial services provider’s stock worth $684,000 after buying an additional 4,140 shares during the period. Integrated Advisors Network LLC purchased a new position in shares of OneMain in the fourth quarter worth about $221,000. Ascent Group LLC bought a new stake in shares of OneMain in the 4th quarter valued at about $228,000. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in OneMain by 86.4% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock valued at $7,872,000 after acquiring an additional 70,000 shares during the period. 85.82% of the stock is currently owned by 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.