OneMain (NYSE:OMF – Get Rating) had its price target lowered by equities research analysts at Compass Point to $63.00 in a report issued on Monday, Stock Target Advisor reports. Compass Point’s target price would indicate a potential upside of 63.59% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Citigroup cut their price objective on shares of OneMain from $72.00 to $54.00 in a research report on Monday, May 2nd. Wells Fargo & Company reduced their price target on OneMain from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $75.00 price objective on shares of OneMain in a report on Friday, April 29th. Piper Sandler dropped their target price on OneMain from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Finally, StockNews.com assumed coverage on shares of OneMain in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.58.
Shares of NYSE OMF traded up $1.13 during trading hours on Monday, hitting $38.51. The company had a trading volume of 17,597 shares, compared to its average volume of 1,345,002. OneMain has a 1-year low of $34.22 and a 1-year high of $63.19. The firm’s 50 day moving average is $41.76 and its 200-day moving average is $46.73. The stock has a market capitalization of $4.82 billion, a P/E ratio of 4.21 and a beta of 1.71.
OneMain (NYSE:OMF – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.21. OneMain had a net margin of 25.60% and a return on equity of 40.03%. The firm had revenue of $794.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $3.37 earnings per share. Equities research analysts expect that OneMain will post 8.68 EPS for the current year.
In other OneMain news, CEO Douglas H. Shulman purchased 2,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of $40.64 per share, with a total value of $101,600.00. Following the acquisition, the chief executive officer now owns 348,612 shares of the company’s stock, valued at $14,167,591.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $40.23 per share, with a total value of $40,230.00. Following the completion of the transaction, the chief executive officer now owns 349,612 shares in the company, valued at $14,064,890.76. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC boosted its stake in shares of OneMain by 66.3% in the 1st quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in OneMain by 129.0% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock valued at $33,000 after buying an additional 400 shares in the last quarter. AGF Investments LLC bought a new stake in shares of OneMain during the first quarter worth $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of OneMain by 198.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 872 shares of the financial services provider’s stock worth $44,000 after buying an additional 580 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of OneMain in the 4th quarter valued at $50,000. 84.43% of the stock is owned by hedge funds and other institutional investors.
OneMain Company Profile (Get Rating)
OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.