OneMain (NYSE:OMF) Price Target Lowered to $52.00 at Barclays

OneMain (NYSE:OMFGet Free Report) had its price objective decreased by equities researchers at Barclays from $55.00 to $52.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 9.50% from the company’s previous close.

Several other analysts also recently weighed in on OMF. JPMorgan Chase & Co. boosted their price target on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank of Canada boosted their price target on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. JMP Securities decreased their price objective on OneMain from $62.00 to $59.00 and set a “market outperform” rating for the company in a report on Tuesday, June 4th. Wells Fargo & Company boosted their price objective on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price objective on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.25.

Check Out Our Latest Analysis on OneMain

OneMain Stock Performance

OneMain stock opened at $47.49 on Tuesday. The business’s 50-day simple moving average is $48.89 and its two-hundred day simple moving average is $48.48. The company has a market cap of $5.69 billion, a PE ratio of 9.26, a PEG ratio of 0.72 and a beta of 1.58. OneMain has a fifty-two week low of $35.00 and a fifty-two week high of $53.65.

OneMain (NYSE:OMFGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the previous year, the business earned $1.46 EPS. As a group, analysts predict that OneMain will post 5.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the sale, the senior vice president now directly owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 7,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,500 shares of company stock valued at $1,500,055. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneMain

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of OneMain by 49.9% in 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 in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of OneMain in the fourth quarter valued at approximately $36,000. ZRC Wealth Management LLC purchased a new stake in shares of OneMain in the fourth quarter valued at approximately $45,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of OneMain in the fourth quarter valued at approximately $47,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of OneMain by 46.1% in 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 in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Company Profile

(Get Free Report)

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.

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