OneMain (NYSE:OMF) PT Lowered to $51.00

OneMain (NYSE:OMF) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $56.00 to $51.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.43% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Northland Securities upped their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Barclays lowered their price objective on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a research note on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

OneMain Trading Down 2.6 %

Shares of NYSE OMF opened at $45.77 on Monday. OneMain has a twelve month low of $35.00 and a twelve month high of $54.94. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56. The business has a 50 day simple moving average of $46.84 and a 200-day simple moving average of $48.56.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period in the previous year, the business earned $1.01 EPS. As a group, equities analysts predict that OneMain will post 5.11 earnings per share for the current year.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now owns 117,025 shares in the company, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the sale, the senior vice president now owns 20,947 shares in the company, valued at $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is owned by company insiders.

Institutional Trading of OneMain

Institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares during the period. Brave Warrior Advisors LLC lifted its holdings in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of OneMain during the second quarter valued at $608,000. Nomura Holdings Inc. purchased a new stake in shares of OneMain during the fourth quarter valued at $9,139,000. Finally, Swedbank AB purchased a new stake in shares of OneMain during the first quarter valued at $817,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

About OneMain

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.