OneMain (NYSE:OMF) PT Lowered to $59.00

OneMain (NYSE:OMF) had its target price decreased by equities research analysts at JMP Securities from $62.00 to $59.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective indicates a potential upside of 22.94% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on shares of OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their target price on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Piper Sandler downgraded shares of OneMain from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Finally, StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

OneMain Trading Up 0.8 %

NYSE:OMF opened at $47.99 on Tuesday. OneMain has a 12 month low of $35.00 and a 12 month high of $53.65. The company has a 50 day simple moving average of $49.47 and a two-hundred day simple moving average of $47.72. The company has a market cap of $5.75 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. OneMain had a net margin of 13.29% and a return on equity of 20.78%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. During the same quarter in the previous year, the firm posted $1.46 EPS. Research analysts forecast that OneMain will post 5.57 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas H. Shulman sold 19,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the completion of the sale, the chief operating officer now directly owns 119,525 shares in the company, valued at $6,051,550.75. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in OneMain in the 3rd quarter worth about $26,000. Blue Trust Inc. grew its stake in OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in OneMain in the 4th quarter worth about $36,000. Operose Advisors LLC bought a new position in OneMain in the 3rd quarter worth about $40,000. Finally, ZRC Wealth Management LLC bought a new position in OneMain in the 4th quarter worth about $45,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.