OneMain (NYSE:OMF) Price Target Raised to $52.00 at Wells Fargo & Company

OneMain (NYSE:OMF) had its target price raised by Wells Fargo & Company from $49.00 to $52.00 in a research report released on Thursday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point upped their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Northland Securities lifted their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.08.

OneMain Trading Up 0.2 %

OneMain stock opened at $49.78 on Thursday. OneMain has a 52 week low of $36.52 and a 52 week high of $54.94. The stock has a market cap of $5.94 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. The stock has a 50 day moving average of $47.15 and a 200-day moving average of $48.35.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Activity

In related news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at approximately $985,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,792 shares of company stock valued at $2,032,859. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of OneMain by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. boosted its position in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the period. US Bancorp DE increased its stake in OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after buying an additional 245 shares during the period. UMB Bank n.a. raised its holdings in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 247 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 264 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.