OneMain’s (OMF) “Market Outperform” Rating Reiterated at JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a research report issued on Wednesday, Benzinga reports. They presently have a $57.00 price target on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 20.28% from the stock’s current price.

OMF has been the subject of several other research reports. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Northland Securities lowered shares of OneMain from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $46.00 to $49.00 in a research note on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of OneMain in a research note on Wednesday, January 10th. They issued a “buy” rating and a $68.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Stephens lowered their price objective on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $51.54.

OneMain Stock Down 0.1 %

Shares of OMF traded down $0.05 during trading on Wednesday, reaching $47.39. 402,591 shares of the company traded hands, compared to its average volume of 1,036,403. OneMain has a twelve month low of $33.67 and a twelve month high of $51.65. The stock has a market cap of $5.68 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65. The stock has a 50-day simple moving average of $48.00 and a 200-day simple moving average of $44.71.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. During the same period last year, the business earned $1.56 earnings per share. On average, equities research analysts predict that OneMain will post 5.67 EPS for the current year.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in OneMain by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 243 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of OneMain by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 251 shares during the period. Allworth Financial LP increased its holdings in shares of OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 271 shares during the period. Finally, Alps Advisors Inc. increased its holdings in shares of OneMain by 2.0% in the 3rd quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 275 shares during the period. 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.