OneMain (NYSE:OMF) PT Lowered to $36.00 at Wedbush

OneMain (NYSE:OMF) had its target price cut by Wedbush from $40.00 to $36.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on OMF. Piper Sandler cut their target price on OneMain from $39.00 to $38.00 and set an overweight rating for the company in a research note on Wednesday, May 20th. ValuEngine raised OneMain from a strong sell rating to a sell rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on OneMain from $25.50 to $29.00 and gave the company an overweight rating in a report on Wednesday. Royal Bank of Canada reiterated a buy rating and set a $35.00 target price on shares of OneMain in a report on Thursday, April 30th. Finally, UBS Group raised their price objective on OneMain from $36.00 to $42.00 and gave the stock a buy rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $38.12.

Shares of NYSE OMF traded down $0.20 during trading hours on Thursday, reaching $28.70. The stock had a trading volume of 1,169,880 shares, compared to its average volume of 887,559. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 6.20 and a beta of 2.40. OneMain has a fifty-two week low of $12.21 and a fifty-two week high of $48.92. The firm has a 50-day moving average of $25.02 and a 200-day moving average of $28.89.

OneMain (NYSE:OMF) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.58. The firm had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $771.63 million. OneMain had a return on equity of 17.28% and a net margin of 13.95%. During the same period in the prior year, the firm earned $1.62 EPS. Equities analysts anticipate that OneMain will post 3.08 EPS for the current fiscal year.

The business also recently announced a None dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be given a dividend of $2.33 per share. The ex-dividend date is Friday, August 7th. This represents a dividend yield of 4.6%. OneMain’s payout ratio is presently 19.64%.

In related news, CFO Micah R. Conrad bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $18.86 per share, for a total transaction of $47,150.00. Following the transaction, the chief financial officer now directly owns 25,299 shares of the company’s stock, valued at $477,139.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.45% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asio Capital LLC bought a new stake in OneMain in the second quarter valued at $25,000. Steward Partners Investment Advisory LLC lifted its position in OneMain by 184.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,435 shares of the financial services provider’s stock worth $27,000 after buying an additional 930 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of OneMain by 29.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the financial services provider’s stock valued at $70,000 after buying an additional 379 shares during the period. Signaturefd LLC raised its holdings in shares of OneMain by 133.5% in the 1st quarter. Signaturefd LLC now owns 2,006 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,147 shares during the period. Finally, US Bancorp DE grew its stake in OneMain by 15,961.9% during the 1st quarter. US Bancorp DE now owns 3,373 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 3,352 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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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Analyst Recommendations for OneMain (NYSE:OMF)

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