OneMain (NYSE:OMF) Given New $51.00 Price Target at Royal Bank of Canada

OneMain (NYSE:OMFGet Rating) had its price objective cut by Royal Bank of Canada from $62.00 to $51.00 in a research note published on Tuesday morning, The Fly reports. They currently have a maintains rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on OMF. Compass Point cut their price objective on OneMain to $63.00 in a research report on Monday, July 4th. JMP Securities dropped their price target on OneMain from $68.00 to $58.00 and set a market outperform rating on the stock in a research report on Friday, July 15th. Piper Sandler dropped their price target on OneMain from $70.00 to $63.00 and set an overweight rating on the stock in a research report on Wednesday, June 29th. BMO Capital Markets dropped their price target on OneMain from $58.00 to $50.00 in a research report on Monday. Finally, Wells Fargo & Company cut OneMain from an overweight rating to an equal weight rating and dropped their price target for the company from $65.00 to $40.00 in a research report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $57.91.

OneMain Trading Down 3.0 %

OMF stock opened at $37.51 on Tuesday. The stock’s fifty day simple moving average is $39.68 and its two-hundred day simple moving average is $44.89. OneMain has a 1-year low of $34.22 and a 1-year high of $62.33. The stock has a market cap of $4.70 billion, a P/E ratio of 4.56 and a beta of 1.61.

OneMain (NYSE:OMFGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.07). OneMain had a return on equity of 37.41% and a net margin of 22.43%. During the same period in the previous year, the firm posted $2.66 earnings per share. As a group, analysts forecast that OneMain will post 8.41 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 8th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, August 5th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 10.13%. OneMain’s payout ratio is 46.17%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman bought 1,150 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were acquired at an average cost of $37.08 per share, for a total transaction of $42,642.00. Following the purchase, the chief executive officer now directly owns 337,936 shares of the company’s stock, valued at $12,530,666.88. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other OneMain news, CEO Douglas H. Shulman bought 1,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were acquired at an average cost of $40.23 per share, for a total transaction of $40,230.00. Following the purchase, the chief executive officer now directly owns 349,612 shares of the company’s stock, valued at $14,064,890.76. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman acquired 1,150 shares of OneMain stock in a transaction dated Monday, August 1st. The shares were purchased at an average price of $37.08 per share, for a total transaction of $42,642.00. Following the completion of the transaction, the chief executive officer now directly owns 337,936 shares in the company, valued at approximately $12,530,666.88. The disclosure for this purchase can be found here. Insiders have acquired 4,650 shares of company stock worth $184,472 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC increased its position in shares of OneMain by 19.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,353 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 217 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of OneMain by 66.3% during 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 during the last quarter. Brinker Capital Investments LLC boosted its holdings in OneMain by 1.8% during the 4th quarter. Brinker Capital Investments LLC now owns 16,913 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 300 shares during the period. Wedbush Securities Inc. boosted its holdings in OneMain by 1.3% during the 2nd quarter. Wedbush Securities Inc. now owns 23,387 shares of the financial services provider’s stock valued at $874,000 after acquiring an additional 307 shares during the period. Finally, CWM LLC boosted its holdings in OneMain by 1.0% during the 1st quarter. CWM LLC now owns 37,299 shares of the financial services provider’s stock valued at $1,768,000 after acquiring an additional 365 shares during the period. 84.43% of the stock is currently owned by 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.

Featured Articles

The Fly logo

Analyst Recommendations for OneMain (NYSE:OMF)

Want More Great Investing Ideas?

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.