OneMain (NYSE:OMF) PT Raised to $53.00

OneMain (NYSE:OMF) had its price target increased by Wells Fargo & Company from $48.00 to $53.00 in a research report report published on Thursday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on OMF. Stephens reduced their price target on OneMain from $61.00 to $57.00 and set an overweight rating for the company in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on OneMain in a report on Wednesday, January 10th. They issued a buy rating and a $68.00 price target for the company. JPMorgan Chase & Co. upped their target price on OneMain from $51.00 to $52.00 and gave the company an overweight rating in a report on Wednesday. Royal Bank of Canada lifted their price target on OneMain from $50.00 to $55.00 and gave the stock an outperform rating in a report on Monday, April 1st. Finally, BMO Capital Markets raised their price objective on shares of OneMain from $48.00 to $50.00 and gave the stock a market perform rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $54.62.

OneMain Trading Up 0.8 %

Shares of OMF stock traded up $0.39 during mid-day trading on Thursday, reaching $51.20. The stock had a trading volume of 1,019,433 shares, compared to its average volume of 1,057,962. OneMain has a 1-year low of $33.67 and a 1-year high of $53.65. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.71 and a beta of 1.63. The business’s fifty day moving average is $49.05 and its 200-day moving average is $45.71.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.94%. During the same period last year, the firm posted $1.46 EPS. On average, analysts forecast that OneMain will post 5.65 earnings per share for the current year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a yield of 8.13%. The ex-dividend date is Thursday, May 9th. OneMain’s payout ratio is currently 77.97%.

Institutional Trading of OneMain

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in OneMain by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. raised its stake in OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Quadrant Capital Group LLC lifted its position in OneMain by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 251 shares during the last quarter. Allworth Financial LP boosted its stake in OneMain by 25.4% in the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 271 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of OneMain by 2.0% during the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 275 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.