OneMain (NYSE:OMF) Price Target Cut to $61.00 by Analysts at Deutsche Bank Aktiengesellschaft

OneMain (NYSE:OMF) had its target price reduced by Deutsche Bank Aktiengesellschaft from $64.00 to $61.00 in a report issued on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Several other brokerages have also recently issued reports on OMF. Barclays cut their price target on OneMain from $55.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday. JMP Securities lowered their price objective on shares of OneMain from $62.00 to $59.00 and set a market outperform rating for the company in a research report on Tuesday, June 4th. BMO Capital Markets boosted their price objective on shares of OneMain from $48.00 to $50.00 and gave the company a market perform rating in a research report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on shares of OneMain from $50.00 to $55.00 and gave the company an outperform rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of OneMain from $52.00 to $54.00 and gave the company an overweight rating in a research report on Monday, July 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $54.25.

OneMain Stock Performance

NYSE:OMF opened at $49.51 on Tuesday. The stock’s 50-day simple moving average is $48.83 and its 200 day simple moving average is $48.49. The company has a market cap of $5.93 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.75 and a beta of 1.58. OneMain has a 52-week low of $35.00 and a 52-week high of $53.65.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same quarter last year, the company posted $1.46 earnings per share. As a group, equities analysts predict that OneMain will post 5.47 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were paid a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Thursday, May 9th. OneMain’s dividend payout ratio is presently 81.09%.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Micah R. Conrad sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the transaction, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The disclosure for this sale can be found here. Insiders sold a total of 29,500 shares of company stock valued at $1,500,055 over the last three months. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

Several large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in OneMain during the fourth quarter valued at about $36,000. Blue Trust Inc. grew its holdings in 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 stake in OneMain during the fourth quarter valued at about $45,000. Edmond DE Rothschild Holding S.A. bought a new stake in OneMain during the fourth quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC grew its holdings in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the period. Institutional investors own 85.82% of the company’s stock.

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.