OneMain (NYSE:OMF) Price Target Cut to $49.00 by Analysts at JMP Securities

OneMain (NYSE:OMFGet Rating) had its target price reduced by equities researchers at JMP Securities from $54.00 to $49.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target points to a potential upside of 27.27% from the company’s previous close.

A number of other research analysts have also weighed in on OMF. Compass Point cut their price target on shares of OneMain to $53.00 in a research note on Thursday, October 20th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $49.00 to $39.00 in a research note on Friday, January 6th. Piper Sandler lifted their price target on shares of OneMain to $47.00 in a research note on Tuesday, November 1st. Finally, TheStreet raised shares of OneMain from a “c+” rating to a “b-” rating in a research report on Friday, November 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.91.

OneMain Stock Performance

Shares of NYSE OMF opened at $38.50 on Friday. The stock has a market cap of $4.71 billion, a P/E ratio of 5.08 and a beta of 1.72. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $36.16. OneMain has a 52-week low of $28.77 and a 52-week high of $55.22.

OneMain (NYSE:OMFGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.28. OneMain had a net margin of 20.29% and a return on equity of 33.73%. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $900.45 million. Analysts predict that OneMain will post 7.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneMain

Several institutional investors and hedge funds have recently modified their holdings of OMF. JPMorgan Chase & Co. increased its holdings in shares of OneMain by 43.2% in the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock valued at $9,500,000 after purchasing an additional 60,428 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of OneMain by 106.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 6,898 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of OneMain in the first quarter valued at $534,000. Bank of Montreal Can increased its holdings in shares of OneMain by 72.6% in the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 20,646 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in shares of OneMain in the first quarter valued at $104,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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 cards and 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.

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