Piper Jaffray Companies started coverage on shares of OneMain (NYSE:OMF) in a research report issued on Wednesday, Marketbeat reports. The firm set an “overweight” rating and a $37.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 22.72% from the company’s current price.
OMF has been the topic of several other research reports. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, March 1st. JPMorgan Chase & Co. cut shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a report on Friday, January 12th. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, January 31st. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, January 4th. Finally, Barclays restated a “hold” rating and issued a $35.00 target price on shares of OneMain in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.77.
Shares of OMF stock opened at $30.15 on Wednesday. OneMain has a fifty-two week low of $22.04 and a fifty-two week high of $36.32. The stock has a market cap of $4,244.41, a P/E ratio of 22.33, a P/E/G ratio of 1.28 and a beta of 2.79.
OneMain (NYSE:OMF) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The company had revenue of $799.00 million for the quarter, compared to analysts’ expectations of $798.70 million. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. analysts forecast that OneMain will post 4.91 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gotham Asset Management LLC bought a new position in OneMain in the fourth quarter worth approximately $367,000. Flinton Capital Management LLC bought a new position in OneMain in the fourth quarter worth approximately $422,000. Meadow Creek Investment Management LLC bought a new position in OneMain in the fourth quarter worth approximately $199,000. Cornerstone Capital Management Holdings LLC. bought a new position in OneMain in the fourth quarter worth approximately $164,000. Finally, Elkfork Partners LLC bought a new position in OneMain in the fourth quarter worth approximately $348,000. Institutional investors and hedge funds own 94.34% of the company’s stock.
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OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments: Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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