OneMain (NYSE:OMF) Stock Gets Price Target Reduction from Barclays

OneMain (NYSE:OMF) had its price objective cut by Barclays from $60.00 to $59.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. TD Cowen dropped their price target on OneMain from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Citizens Jmp upped their target price on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Bank of America dropped their target price on shares of OneMain from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $56.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Weiss Ratings raised shares of OneMain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.82.

OneMain Stock Performance

OneMain stock opened at $57.96 on Monday. The company has a market cap of $6.63 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.65 and a beta of 1.30. OneMain has a one year low of $45.78 and a one year high of $71.93. The business has a fifty day moving average of $58.67 and a two-hundred day moving average of $58.33.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.05). OneMain had a net margin of 13.43% and a return on equity of 21.90%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business earned $1.90 EPS. Sell-side analysts predict that OneMain will post 6.59 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 9th will be issued a $1.05 dividend. The ex-dividend date is Monday, November 9th. This represents a $4.20 annualized dividend and a dividend yield of 7.2%. OneMain’s dividend payout ratio (DPR) is 63.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System boosted its stake in OneMain by 1.7% during the 1st quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 189 shares during the period. Cidel Asset Management Inc. increased its position in OneMain by 6.0% in the 3rd quarter. Cidel Asset Management Inc. now owns 3,702 shares of the financial services provider’s stock worth $205,000 after buying an additional 211 shares during the period. Taylor Frigon Capital Management LLC increased its position in OneMain by 0.6% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 35,370 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 225 shares during the period. Park Avenue Securities LLC increased its position in OneMain by 2.7% in the 3rd quarter. Park Avenue Securities LLC now owns 8,980 shares of the financial services provider’s stock worth $497,000 after buying an additional 234 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of OneMain by 32.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider’s stock worth $62,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Key Headlines Impacting OneMain

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: A Seeking Alpha article argued that OneMain’s credit performance is improving while growth is accelerating, and assigned the stock a “Strong Buy” view. OneMain Holdings: Credit Improving While Growth Accelerates (Strong Buy)
• Positive Sentiment: JPMorgan raised its price target, providing a supportive analyst signal. OneMain Stock Gets Price Target Increase from JPMorgan
• Positive Sentiment: Truist cut its target slightly, from $71 to $70, but maintained a “buy” rating; its target implies substantial upside from the cited share price. Truist recommendation
• Neutral Sentiment: Wells Fargo lowered its target from $65 to $62 and kept an “equal weight” rating, signaling a more cautious view while still indicating modest potential upside at the cited price. Wells Fargo recommendation
• Negative Sentiment: Royal Bank of Canada and Barclays also cut their price targets, adding to the cautious analyst commentary. RBC target cut Barclays target cut
• Negative Sentiment: Northland trimmed its FY2027 EPS estimate to $8.25 from $8.32. Also, OneMain’s latest reported quarterly EPS of $1.51 missed the $1.56 consensus and was below the year-earlier $1.90, though revenue exceeded estimates.

OneMain Company Profile

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.