BMO Capital Markets Raises OneMain (NYSE:OMF) Price Target to $50.00

OneMain (NYSE:OMF) had its price target upped by BMO Capital Markets from $48.00 to $50.00 in a report issued on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Barclays reduced their price target on OneMain from $57.00 to $54.00 and set an overweight rating on the stock in a report on Thursday, February 8th. JMP Securities raised their price target on shares of OneMain from $57.00 to $62.00 and gave the company a market outperform rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a research note on Wednesday, January 10th. They issued a buy rating and a $68.00 price objective on the stock. Stephens lowered their target price on OneMain from $61.00 to $57.00 and set an overweight rating for the company in a research report on Thursday, February 8th. Finally, Northland Securities downgraded OneMain from an outperform rating to a market perform rating and lifted their target price for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, OneMain presently has a consensus rating of Moderate Buy and a consensus price target of $54.62.

OneMain Price Performance

Shares of NYSE:OMF opened at $51.20 on Thursday. OneMain has a one year low of $33.67 and a one year high of $53.65. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.71 and a beta of 1.63. The firm has a 50 day simple moving average of $49.05 and a 200 day simple moving average of $45.75.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same period in the prior year, the business earned $1.46 earnings per share. As a group, analysts expect that OneMain will post 5.67 EPS for the current year.

OneMain Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.13%. This is a boost from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is currently 77.97%.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently added to or reduced their stakes in OMF. Quantbot Technologies LP bought a new stake in shares of OneMain in the 3rd quarter valued at $26,000. Benjamin F. Edwards & Company Inc. bought a new stake in OneMain in the fourth quarter valued at $36,000. Blue Trust Inc. raised its holdings in shares of OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the period. ZRC Wealth Management LLC bought a new position in shares of OneMain during the 4th quarter worth about $45,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneMain in the 4th quarter valued at about $47,000. 85.82% of the stock is 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.