OneMain’s (OMF) Market Outperform Rating Reaffirmed at JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a research report issued on Wednesday, Benzinga reports. They currently have a $57.00 target price on the financial services provider’s stock. JMP Securities’ price target would indicate a potential upside of 19.02% from the stock’s current price.

OMF has been the topic of a number of other research reports. Citigroup cut their price objective on shares of OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Piper Sandler cut shares of OneMain from an “overweight” rating to a “neutral” rating and cut their target price for the company from $55.00 to $49.00 in a report on Thursday, February 8th. Northland Securities cut shares of OneMain from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $46.00 to $49.00 in a report on Wednesday, January 17th. Wells Fargo & Company lifted their target price on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Finally, Stephens cut their target price on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.54.

OneMain Stock Up 1.4 %

Shares of NYSE:OMF opened at $47.89 on Wednesday. The firm’s 50 day moving average price is $48.13 and its 200 day moving average price is $44.75. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. OneMain has a fifty-two week low of $33.67 and a fifty-two week high of $51.65.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $913.90 million. During the same quarter last year, the company earned $1.56 earnings per share. On average, equities analysts anticipate that OneMain will post 5.67 EPS for the current year.

Institutional Investors Weigh In On OneMain

Several institutional investors have recently made changes to their positions in OMF. Quantbot Technologies LP purchased a new stake in shares of OneMain during the 3rd quarter worth $26,000. Atlas Capital Advisors LLC purchased a new stake in shares of OneMain during the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the 3rd quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in shares of OneMain by 129.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 243 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.