OneMain (NYSE:OMF) PT Lowered to $64.00


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OneMain (NYSE:OMF) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $65.00 to $64.00 in a note issued to investors on Thursday, The Fly reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.35% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages also recently issued reports on OMF. Credit Suisse Group increased their price target on shares of OneMain from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, April 9th. Zacks Investment Research downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, March 5th. Citigroup increased their price target on shares of OneMain from $45.00 to $62.00 in a report on Wednesday, February 10th. Piper Sandler increased their price target on shares of OneMain from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, February 10th. Finally, Northland Securities upped their price objective on shares of OneMain from $45.00 to $60.00 in a research report on Wednesday, February 10th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.71.

NYSE OMF opened at $55.97 on Thursday. The company has a market cap of $7.52 billion, a PE ratio of 11.99 and a beta of 2.28. OneMain has a 52 week low of $17.40 and a 52 week high of $59.00. The firm’s 50-day simple moving average is $53.48 and its two-hundred day simple moving average is $45.97.

OneMain (NYSE:OMF) last released its quarterly earnings data on Sunday, February 7th. The financial services provider reported $2.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.77. OneMain had a net margin of 13.61% and a return on equity of 20.88%. The business had revenue of $850.00 million for the quarter, compared to the consensus estimate of $975.56 million. During the same period in the prior year, the firm earned $1.91 earnings per share. As a group, equities research analysts expect that OneMain will post 5.19 EPS for the current fiscal year.

In other news, insider George G. Hicks sold 1,901,638 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $51.01, for a total value of $97,002,554.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.45% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Perigon Wealth Management LLC bought a new position in shares of OneMain in the fourth quarter worth approximately $25,000. Alpha DNA Investment Management LLC purchased a new stake in OneMain in the fourth quarter worth $31,000. Private Capital Group LLC lifted its stake in OneMain by 119.2% in the fourth quarter. Private Capital Group LLC now owns 811 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 441 shares during the period. Captrust Financial Advisors lifted its stake in OneMain by 231.3% in the fourth quarter. Captrust Financial Advisors now owns 1,176 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 821 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in OneMain in the fourth quarter worth $140,000. Hedge funds and other institutional investors own 85.12% of the company’s stock.

About OneMain

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 are 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.

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