Bank of America Has Lowered Expectations for OneMain (NYSE:OMF) Stock Price

OneMain (NYSE:OMF) had its price target decreased by equities researchers at Bank of America from $71.00 to $67.00 in a report released on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price objective would suggest a potential upside of 18.90% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Royal Bank Of Canada raised their price objective on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Truist Financial increased their price target on shares of OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.27.

OneMain Stock Performance

OneMain stock opened at $56.35 on Monday. The firm’s fifty day moving average price is $62.32 and its 200-day moving average price is $58.34. The stock has a market cap of $6.48 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.44 and a beta of 1.22. OneMain has a fifty-two week low of $45.78 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. On average, analysts predict that OneMain will post 6.95 earnings per share for the current year.

Insider Transactions at OneMain

In related news, COO Micah Conrad sold 5,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares in the company, valued at $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael Hedlund sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the transaction, the senior vice president owned 10,627 shares in the company, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in OneMain during the 2nd quarter valued at $633,893,000. Jupiter Topco LLC bought a new position in shares of OneMain during the second quarter valued at about $166,060,000. Norges Bank purchased a new stake in shares of OneMain during the fourth quarter worth about $100,312,000. Bank of New York Mellon Corp bought a new stake in shares of OneMain in the second quarter worth about $63,980,000. Finally, Azora Capital LP grew its stake in shares of OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after purchasing an additional 924,302 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain News Roundup

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Bank of America maintained a Buy rating on OneMain despite reducing its price target to $67 from $71. The revised target still implies roughly 19% upside from the recently quoted share price, which may provide support for the stock. BofA Securities Adjusts OneMain Price Target to $67 From $71, Maintains Buy Rating
• Neutral Sentiment: Northland Securities raised its Q1 2027 EPS forecast for OneMain to $1.84 from $1.82, above the firm’s prior estimate and indicating some confidence in the company’s longer-term earnings trajectory. Northland Securities Reduces Earnings Estimates for OneMain
• Negative Sentiment: Northland cut its Q3 2026 EPS estimate sharply to $1.50 from $1.85. The reduction signals weaker expected near-term profitability and is the most direct negative catalyst in the recent analyst coverage, even though the company’s current-year consensus remains $7.03 per share. Northland Securities Estimates OneMain FY2026 Earnings

About OneMain

OneMain Holdings, Inc (NYSE: OMF) is a consumer finance company that provides personal lending and related financial products to consumers in the United States. Its primary business operates under the OneMain Financial brand and focuses on serving individuals who may not be fully served by traditional banks.

OneMain offers unsecured and secured personal loans, including loans used for debt consolidation, home improvements, major purchases and other personal expenses. The company also provides optional insurance and debt-cancellation products, as well as credit-related services designed to complement its lending business.