OneMain (NYSE:OMF) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of OneMain (NYSE:OMF) from a hold rating to a buy rating in a report published on Wednesday.

A number of other brokerages also recently weighed in on OMF. Compass Point lifted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

OneMain Stock Performance

OneMain stock opened at $54.78 on Wednesday. The company has a 50 day moving average price of $54.59 and a 200 day moving average price of $51.08. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 0.45 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.59%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Institutional Investors Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new position in OneMain during the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of OneMain during the 4th quarter worth about $26,000. Albion Financial Group UT acquired a new position in shares of OneMain during the 4th quarter valued at about $26,000. Continuum Advisory LLC bought a new position in shares of OneMain in the 3rd quarter valued at approximately $28,000. Finally, IFP Advisors Inc lifted its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.