OneMain’s (OMF) “Market Outperform” Rating Reiterated at JMP Securities

OneMain (NYSE:OMF)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a note issued to investors on Wednesday, Benzinga reports. They currently have a $57.00 price target on the financial services provider’s stock. JMP Securities’ target price would suggest a potential upside of 20.28% from the company’s current price.

OMF has been the subject of several other reports. Northland Securities downgraded shares of OneMain from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $46.00 to $49.00 in a research note on Wednesday, January 17th. Wells Fargo & Company boosted their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler cut shares of OneMain from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $49.00 in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.54.

OneMain Trading Down 0.1 %

Shares of OMF traded down $0.05 during mid-day trading on Wednesday, reaching $47.39. 402,591 shares of the stock traded hands, compared to its average volume of 1,036,403. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65. The firm has a fifty day moving average price of $48.00 and a 200 day moving average price of $44.71. OneMain has a 1 year low of $33.67 and a 1 year high of $51.65.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same period in the prior year, the firm posted $1.56 earnings per share. On average, sell-side analysts anticipate that OneMain will post 5.67 EPS for the current year.

Institutional Investors Weigh In On OneMain

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peak Financial Advisors LLC bought a new position in shares of OneMain in the first quarter worth approximately $340,000. FCF Advisors LLC lifted its stake in shares of OneMain by 29.9% in the first quarter. FCF Advisors LLC now owns 14,781 shares of the financial services provider’s stock worth $755,000 after buying an additional 3,405 shares in the last quarter. Fulton Bank N.A. lifted its position in OneMain by 5.2% during the first quarter. Fulton Bank N.A. now owns 6,707 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 329 shares during the period. Alaska Permanent Fund Corp lifted its position in OneMain by 1.1% during the first quarter. Alaska Permanent Fund Corp now owns 54,831 shares of the financial services provider’s stock valued at $2,801,000 after purchasing an additional 609 shares during the period. Finally, Nomura Holdings Inc. bought a new position in OneMain during the fourth quarter valued at approximately $9,139,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.