Royal Bank of Canada restated their outperform rating on shares of OneMain (NYSE:OMF – Free Report) in a report issued on Thursday, Benzinga reports. They currently have a $50.00 price target on the financial services provider’s stock.
A number of other analysts also recently issued reports on the company. JMP Securities lifted their price objective on OneMain from $46.00 to $53.00 and gave the stock a market outperform rating in a research note on Friday, January 12th. Barclays started coverage on OneMain in a research report on Wednesday, November 15th. They set an overweight rating and a $51.00 target price on the stock. Piper Sandler downgraded OneMain from an overweight rating to a neutral rating and lowered their price target for the stock from $55.00 to $49.00 in a research report on Thursday. TD Cowen started coverage on shares of OneMain in a research report on Wednesday, November 1st. They set an outperform rating and a $43.00 price objective on the stock. Finally, StockNews.com upgraded shares of OneMain from a hold rating to a buy rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $50.85.
OneMain Price Performance
OneMain (NYSE:OMF – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $913.90 million. During the same quarter in the previous year, the company posted $1.56 EPS. As a group, analysts anticipate that OneMain will post 6.39 EPS for the current year.
OneMain Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.93%. OneMain’s dividend payout ratio (DPR) is presently 75.19%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Intech Investment Management LLC purchased a new position in shares of OneMain during the fourth quarter valued at approximately $278,000. Orion Portfolio Solutions LLC boosted its holdings 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 purchasing an additional 614 shares during the period. Hohimer Wealth Management LLC boosted its holdings 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 purchasing an additional 3,707 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings 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 purchasing an additional 3,235 shares during the period. Finally, WBI Investments LLC boosted its holdings 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 purchasing an additional 1,041 shares during the period. Hedge funds and other institutional investors own 79.70% of the company’s stock.
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.
- Five stocks we like better than OneMain
- What Are Growth Stocks and Investing in Them
- MarketBeat Week in Review – 2/5 – 2/9
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Cloudflare results spark analysts reset: 25% upside ahead
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Beyond Nvidia: The hidden stars with 200% earnings growth
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.