OneMain (NYSE:OMF) Given New $70.00 Price Target at Truist Financial

OneMain (NYSE:OMF) had its price objective reduced by research analysts at Truist Financial from $71.00 to $70.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial‘s price objective points to a potential upside of 22.82% from the company’s previous close.

OMF has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of OneMain in a report on Friday, July 10th. Bank of America reduced their target price on shares of OneMain from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Monday. Barclays decreased their target price on shares of OneMain from $60.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday. Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Finally, Citizens Jmp raised their price target on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $67.09.

OneMain Trading Down 0.6%

NYSE OMF traded down $0.34 on Tuesday, reaching $56.99. 158,698 shares of the company were exchanged, compared to its average volume of 1,209,148. The business’s fifty day moving average price is $58.90 and its 200 day moving average price is $58.41. The stock has a market capitalization of $6.56 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.24. OneMain has a fifty-two week low of $45.78 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last issued its earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.05). OneMain had a return on equity of 23.49% and a net margin of 13.92%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.90 earnings per share. Equities research analysts forecast that OneMain will post 6.73 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Heritage Family Offices LLP acquired a new stake in shares of OneMain during the third quarter valued at about $92,000. Chicago Partners Investment Group LLC lifted its holdings in shares of OneMain by 4.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 21,183 shares of the financial services provider’s stock worth $1,180,000 after acquiring an additional 866 shares during the last quarter. Covestor Ltd lifted its holdings in shares of OneMain by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,164 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 257 shares during the last quarter. Ascent Group LLC boosted its position in shares of OneMain by 2.0% during the 3rd quarter. Ascent Group LLC now owns 18,336 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 368 shares during the period. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of OneMain during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Key Stories Impacting OneMain

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Attractive dividend: OneMain declared a quarterly dividend of $1.05 per share, equivalent to $4.20 annually and a yield of approximately 7.4%. The ex-dividend date is November 9, with payment scheduled for November 13. The payout may appeal to income-focused investors.
• Positive Sentiment: RBC remains bullish: Royal Bank of Canada maintained an “outperform” rating while trimming its price target from $71 to $70, still implying substantial potential upside based on the referenced share price.
• Neutral Sentiment: Mixed analyst signals: JPMorgan raised its target from $52 to $56 but kept an “underweight” rating, while Barclays lowered its target from $60 to $59 and maintained an “equal weight” stance. The changes suggest limited near-term conviction despite differing views on long-term value.
• Negative Sentiment: Lower earnings expectations: Northland Securities reduced its FY2027 EPS forecast to $8.25 from $8.32. The estimate reduction adds to concerns about the outlook for OneMain’s consumer lending business.
• Negative Sentiment: Q3 results raised credit concerns: OneMain reported quarterly EPS of $1.51, below the $1.56 consensus estimate and down from $1.90 a year earlier. Although revenue exceeded expectations, investors focused on credit trends and the potential for rising losses, weighing on the stock. OneMain Stock Price Retreats After Q3 Earnings Stir Credit Concerns

About OneMain

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.