OneMain (NYSE:OMF) Upgraded by Northland Capmk to Strong-Buy Rating

OneMain (NYSE:OMF) was upgraded by research analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price objective on the stock. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.17.

OneMain Price Performance

NYSE:OMF opened at $45.76 on Tuesday. The firm’s 50-day moving average price is $50.77 and its 200-day moving average price is $51.78. The company has a market capitalization of $5.46 billion, a PE ratio of 10.79, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain has a 1-year low of $38.00 and a 1-year high of $58.90.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneMain

Institutional investors and hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new position in shares of OneMain in the fourth quarter valued at $26,000. FNY Investment Advisers LLC purchased a new position in shares of OneMain in the fourth quarter valued at $26,000. Albion Financial Group UT purchased a new position in shares of OneMain in the fourth quarter valued at $26,000. Continuum Advisory LLC purchased a new position in shares of OneMain in the third quarter valued at $28,000. Finally, IFP Advisors Inc grew its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Institutional investors 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.