RBC Capital Keeps Their Buy Rating on OneMain Holdings (OMF)

By Ryan Adsit

In a report issued on July 28, Kenneth Lee from RBC Capital maintained a Buy rating on OneMain Holdings (OMFResearch Report), with a price target of $37.00. The company’s shares closed last Thursday at $28.74.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 4.6% and a 60.2% success rate. Lee covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, BrightSphere Investment Group, and Victory Capital Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for OneMain Holdings with a $38.78 average price target, representing a 37.7% upside. In a report issued on July 15, J.P. Morgan also maintained a Buy rating on the stock with a $25.50 price target.

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OneMain Holdings’ market cap is currently $3.89B and has a P/E ratio of 6.10. The company has a Price to Book ratio of 2.68.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following the Consumer and Insurance, and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-orginating operations. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.