OneMain (NYSE:OMF) Given New $54.00 Price Target at JPMorgan Chase & Co.

OneMain (NYSE:OMF) had its price target hoisted by JPMorgan Chase & Co. from $52.00 to $54.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other research firms also recently commented on OMF. Wells Fargo & Company increased their target price on shares of OneMain from $48.00 to $53.00 and gave the company an equal weight rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their target price on shares of OneMain from $48.00 to $50.00 and gave the company a market perform rating in a research report on Thursday, May 2nd. JMP Securities decreased their price target on shares of OneMain from $62.00 to $59.00 and set a market outperform rating for the company in a research note on Tuesday, June 4th. Royal Bank of Canada increased their price target on shares of OneMain from $50.00 to $55.00 and gave the stock an outperform rating in a research note on Monday, April 1st. Finally, TD Cowen increased 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, May 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $54.25.

OneMain Stock Up 3.6 %

OneMain stock opened at $49.19 on Monday. The firm has a market cap of $5.89 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58. OneMain has a 52-week low of $35.00 and a 52-week high of $53.65. The company’s 50 day moving average is $48.86 and its two-hundred day moving average is $48.49.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. OneMain had a net margin of 13.29% and a return on equity of 20.78%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. During the same period in the prior year, the firm posted $1.46 EPS. On average, equities research analysts anticipate that OneMain will post 5.51 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.46%. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the sale, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,500 shares of company stock worth $1,500,055. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently modified their holdings of OMF. Blue Trust Inc. grew its holdings in 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. purchased a new stake in OneMain in the fourth quarter valued at approximately $36,000. ZRC Wealth Management LLC purchased a new stake in OneMain in the fourth quarter valued at approximately $45,000. Edmond DE Rothschild Holding S.A. purchased a new stake in OneMain in the fourth quarter valued at approximately $47,000. Finally, Abich Financial Wealth Management LLC grew its holdings in OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Company Profile

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.