Piper Jaffray Companies set a $48.00 price target on OneMain (NYSE:OMF) in a research note published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock. Piper Jaffray Companies also issued estimates for OneMain’s Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.44 EPS, Q1 2020 earnings at $1.36 EPS, Q2 2020 earnings at $1.53 EPS, Q3 2020 earnings at $1.68 EPS, Q4 2020 earnings at $1.68 EPS and FY2020 earnings at $6.25 EPS.
Several other analysts also recently commented on the stock. Compass Point increased their price objective on shares of OneMain from $42.00 to $50.00 and gave the company a buy rating in a research report on Wednesday. Wedbush raised shares of OneMain from a neutral rating to an outperform rating and raised their price target for the company from $35.00 to $45.00 in a report on Tuesday, July 30th. Zacks Investment Research raised shares of OneMain from a sell rating to a hold rating in a report on Saturday, July 20th. JPMorgan Chase & Co. raised shares of OneMain from a neutral rating to an overweight rating and raised their price target for the company from $37.50 to $41.00 in a report on Tuesday, July 16th. Finally, Northland Securities raised shares of OneMain from a market perform rating to an outperform rating and raised their price target for the company from $38.00 to $40.00 in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. OneMain presently has a consensus rating of Buy and an average price target of $44.70.
Shares of OMF stock opened at $41.01 on Wednesday. OneMain has a one year low of $22.47 and a one year high of $43.28. The company’s 50-day moving average price is $34.53. The stock has a market cap of $5.64 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.69 and a beta of 2.43.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.27. OneMain had a net margin of 15.98% and a return on equity of 20.44%. The company had revenue of $762.00 million for the quarter, compared to the consensus estimate of $743.08 million. During the same period in the prior year, the firm posted $1.18 EPS. On average, analysts forecast that OneMain will post 6.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, August 26th. OneMain’s payout ratio is presently 19.76%.
Several hedge funds and other institutional investors have recently made changes to their positions in OMF. Varde Management L.P. purchased a new stake in shares of OneMain during the 1st quarter valued at about $360,500,000. Norges Bank purchased a new stake in shares of OneMain during the 4th quarter valued at about $40,862,000. Bayview Asset Management LLC purchased a new stake in shares of OneMain during the 2nd quarter valued at about $27,473,000. FMR LLC boosted its holdings in shares of OneMain by 5.2% during the 1st quarter. FMR LLC now owns 12,225,438 shares of the financial services provider’s stock valued at $388,157,000 after acquiring an additional 606,258 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of OneMain by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock worth $83,806,000 after purchasing an additional 423,499 shares during the period. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Company Profile
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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