OneMain (NYSE:OMF – Free Report) had its target price decreased by JPMorgan Chase & Co. from $50.00 to $47.00 in a report released on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.
Several other research analysts have also recently issued reports on the company. Northland Securities cut 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 research report on Wednesday, January 17th. BMO Capital Markets cut their target price on OneMain from $42.00 to $38.00 and set a market perform rating on the stock in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed an outperform rating and set a $50.00 target price on shares of OneMain in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on OneMain in a research report on Wednesday, January 10th. They set a buy rating and a $68.00 target price on the stock. Finally, Stephens cut their target price on OneMain from $61.00 to $57.00 and set an overweight rating on the stock in a research report on Thursday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, OneMain presently has an average rating of Moderate Buy and an average target price of $50.85.
OneMain Stock Performance
OneMain (NYSE:OMF – Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.25% and a net margin of 14.04%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. During the same quarter last year, the firm posted $1.56 earnings per share. Research analysts forecast that OneMain will post 6.39 EPS for the current year.
OneMain Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.93%. OneMain’s payout ratio is presently 75.19%.
Institutional Trading of OneMain
Several hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in shares of OneMain in the fourth quarter valued at $278,000. Orion Portfolio Solutions LLC raised its stake in shares of OneMain by 9.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,936 shares of the financial services provider’s stock valued at $342,000 after buying an additional 614 shares during the period. Hohimer Wealth Management LLC raised its stake in shares of OneMain by 11.0% in the fourth quarter. Hohimer Wealth Management LLC now owns 37,465 shares of the financial services provider’s stock valued at $1,843,000 after buying an additional 3,707 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of OneMain by 3.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 100,433 shares of the financial services provider’s stock valued at $4,941,000 after buying an additional 3,235 shares during the period. Finally, WBI Investments LLC raised its stake in shares of OneMain by 13.6% in the fourth quarter. WBI Investments LLC now owns 8,697 shares of the financial services provider’s stock valued at $428,000 after buying an additional 1,041 shares during the period. 79.70% of the stock is currently owned by institutional investors.
OneMain Company Profile
OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising 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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