Stephens Cuts OneMain (NYSE:OMF) Price Target to $57.00

OneMain (NYSE:OMFGet Free Report) had its target price lowered by equities researchers at Stephens from $61.00 to $57.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price target points to a potential upside of 27.35% from the company’s current price.

Several other research analysts have also issued reports on OMF. Wells Fargo & Company lifted their price target on shares of OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Northland Securities cut shares of OneMain from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $46.00 to $49.00 in a research report on Wednesday, January 17th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Barclays assumed coverage on shares of OneMain in a research report on Wednesday, November 15th. They set an “overweight” rating and a $51.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of OneMain in a research report on Wednesday, January 10th. They set a “buy” rating and a $68.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.85.

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OneMain Price Performance

NYSE OMF opened at $44.76 on Thursday. OneMain has a 12 month low of $32.79 and a 12 month high of $50.02. The firm has a market capitalization of $5.37 billion, a PE ratio of 8.41, a P/E/G ratio of 1.19 and a beta of 1.67. The company’s 50 day simple moving average is $47.39 and its 200 day simple moving average is $42.54.

OneMain (NYSE:OMFGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.25%. During the same quarter in the previous year, the business posted $1.56 earnings per share. Sell-side analysts anticipate that OneMain will post 6.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of OneMain by 43.2% during the 1st quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock worth $9,500,000 after purchasing an additional 60,428 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of OneMain by 106.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 6,898 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of OneMain during the 1st quarter worth about $534,000. Bank of Montreal Can increased its holdings in shares of OneMain by 72.6% during the 1st quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 20,646 shares during the period. Finally, MetLife Investment Management LLC bought a new position in shares of OneMain during the 1st quarter worth about $104,000. Institutional investors and hedge funds own 79.70% of the company’s stock.

About OneMain

(Get Free Report)

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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Analyst Recommendations for OneMain (NYSE:OMF)

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