OneMain (NYSE:OMF) Stock Gets Price Target Trim from Wells Fargo & Company

OneMain (NYSE:OMF) had its price target lowered by investment analysts at Wells Fargo & Company from $65.00 to $62.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 6.12% from the company’s current price.

A number of other research analysts also recently weighed in on OMF. Citizens Jmp upped their price target on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on OneMain from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Monday. Citigroup restated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Truist Financial lowered their target price on OneMain from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays cut their target price on OneMain from $60.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average price target of $66.82.

OneMain Trading Up 3.3%

NYSE:OMF opened at $58.42 on Wednesday. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.66 and a beta of 1.30. The firm has a fifty day simple moving average of $58.78 and a two-hundred day simple moving average of $58.36. OneMain has a 12 month low of $45.78 and a 12 month high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.05). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.34 billion. OneMain had a net margin of 13.43% and a return on equity of 21.97%. During the same quarter in the prior year, the company posted $1.90 EPS. Equities analysts predict that OneMain will post 6.60 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMF. Hohimer Wealth Management LLC bought a new stake in shares of OneMain in the 3rd quarter worth approximately $1,287,000. Brighton Jones LLC grew its holdings in OneMain by 28.6% during the third quarter. Brighton Jones LLC now owns 21,362 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 4,757 shares during the period. Heritage Family Offices LLP bought a new position in OneMain during the third quarter valued at $92,000. Chicago Partners Investment Group LLC grew its holdings in OneMain by 4.3% during the third quarter. Chicago Partners Investment Group LLC now owns 21,183 shares of the financial services provider’s stock valued at $1,180,000 after purchasing an additional 866 shares during the period. Finally, Covestor Ltd increased its position in OneMain by 13.5% in the third quarter. Covestor Ltd now owns 2,164 shares of the financial services provider’s stock worth $120,000 after buying an additional 257 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

About OneMain

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.