OneMain (NYSE:OMF) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of OneMain (NYSE:OMF – Get Rating) in a research note published on Thursday. The brokerage issued a buy rating on the financial services provider’s stock.

Several other brokerages have also recently commented on OMF. Barclays raised their price objective on shares of OneMain from $39.00 to $46.00 and gave the company an equal weight rating in a research note on Wednesday, February 8th. Northland Securities boosted their price target on OneMain from $45.00 to $50.00 and gave the stock an outperform rating in a research note on Wednesday, February 8th. TheStreet upgraded OneMain from a c+ rating to a b- rating in a report on Thursday, January 26th. Royal Bank of Canada upped their target price on OneMain from $48.00 to $53.00 and gave the company an outperform rating in a report on Monday, February 13th. Finally, JMP Securities lifted their price target on OneMain from $49.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday, February 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $55.69.

OneMain Trading Down 4.6 %

Shares of OMF opened at $33.86 on Thursday. The stock’s 50 day moving average is $41.65 and its two-hundred day moving average is $37.29. OneMain has a twelve month low of $28.77 and a twelve month high of $50.80. The firm has a market capitalization of $4.09 billion, a PE ratio of 4.81 and a beta of 1.72.

OneMain (NYSE:OMF – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. OneMain had a return on equity of 29.99% and a net margin of 19.10%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 earnings per share. On average, sell-side analysts predict that OneMain will post 6.39 EPS for the current year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 17th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend was Thursday, February 16th. This is a boost from OneMain’s previous quarterly dividend of $0.95. OneMain’s dividend payout ratio is 56.82%.

Institutional Investors Weigh In On OneMain

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of OneMain by 784.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 3,112,696 shares of the financial services provider’s stock worth $91,887,000 after purchasing an additional 2,760,751 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of OneMain during the third quarter worth $283,000. Donoghue Forlines LLC boosted its holdings in shares of OneMain by 12.3% during the third quarter. Donoghue Forlines LLC now owns 13,361 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 1,459 shares during the last quarter. Swiss National Bank boosted its holdings in shares of OneMain by 53.0% during the second quarter. Swiss National Bank now owns 285,200 shares of the financial services provider’s stock worth $10,661,000 after purchasing an additional 98,800 shares during the last quarter. Finally, CX Institutional increased its stake in OneMain by 106.1% during the third quarter. CX Institutional now owns 33,304 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 17,146 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

OneMain Company Profile

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OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting, and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer and Insurance segment. The Consumer and Insurance segment offers services to secured and unsecured personal loans, voluntary credit, and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.