Deutsche Bank Aktiengesellschaft Cuts OneMain (NYSE:OMF) Price Target to $80.00

OneMain (NYSE:OMF) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $81.00 to $80.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 43.35% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Truist Financial reduced their price target on OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada dropped their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday. TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Thursday, January 8th. Wells Fargo & Company reduced their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Evercore set a $55.00 price target on OneMain in a research report on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.30.

OneMain Stock Down 1.4%

Shares of OneMain stock opened at $55.81 on Monday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.27. OneMain has a twelve month low of $45.78 and a twelve month high of $71.93. The company has a 50-day simple moving average of $55.12 and a two-hundred day simple moving average of $60.14.

OneMain (NYSE:OMF) last announced its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.25%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.72 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that OneMain will post 7.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares in the company, valued at $6,075,000. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently modified their holdings of OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OneMain during the 1st quarter worth $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after buying an additional 9,067 shares in the last quarter. Focus Partners Wealth grew its position in OneMain by 101.8% in the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 4,407 shares during the last quarter. Prudential Financial Inc. raised its stake in OneMain by 32.9% during the second quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in OneMain by 26.2% during the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock worth $1,119,000 after acquiring an additional 4,084 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.