OneMain (NYSE:OMF) PT Raised to $53.00

OneMain (NYSE:OMF) had its price target boosted by Wells Fargo & Company from $48.00 to $53.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 3.52% from the stock’s previous close.

Several other analysts have also recently commented on OMF. Piper Sandler cut shares of OneMain from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of OneMain in a report on Wednesday, January 10th. They set a “buy” rating and a $68.00 price target on the stock. TD Cowen upped their price target on shares of OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays dropped their target price on OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $54.62.

OneMain Stock Up 0.8 %

OMF opened at $51.20 on Thursday. The firm has a market capitalization of $6.14 billion, a P/E ratio of 9.98, a PEG ratio of 0.71 and a beta of 1.63. The stock has a fifty day moving average of $49.05 and a 200-day moving average of $45.71. OneMain has a 12-month low of $33.67 and a 12-month high of $53.65.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.94% and a net margin of 13.29%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, analysts expect that OneMain will post 5.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneMain

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of OneMain in the third quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of OneMain in the fourth quarter valued at approximately $36,000. Operose Advisors LLC bought a new position in shares of OneMain in the third quarter valued at approximately $40,000. Finally, Allworth Financial LP raised its position in shares of OneMain by 368.4% in the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 840 shares during the period. Institutional investors own 85.82% of the company’s stock.

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.