OneMain (NYSE:OMF) PT Raised to $50.00 at BMO Capital Markets

OneMain (NYSE:OMF) had its price target boosted by research analysts at BMO Capital Markets from $48.00 to $50.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 1.92% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday. Northland Securities cut OneMain from an “outperform” rating to a “market perform” rating and increased their price target for the company from $46.00 to $49.00 in a research note on Wednesday, January 17th. JMP Securities increased their price target on OneMain from $57.00 to $62.00 and gave the company a “market outperform” rating in a research note on Wednesday. Barclays decreased their price target on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, Stephens decreased their price target on OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.23.

OneMain Stock Performance

Shares of OMF traded up $0.22 during mid-day trading on Thursday, hitting $50.98. 155,665 shares of the stock were exchanged, compared to its average volume of 1,042,329. The company has a market cap of $6.11 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. OneMain has a 52-week low of $33.67 and a 52-week high of $53.65. The firm has a 50-day moving average of $48.87 and a two-hundred day moving average of $45.58.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. OneMain had a return on equity of 20.94% and a net margin of 13.29%. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, sell-side analysts predict that OneMain will post 5.67 EPS for the current year.

Institutional Trading of OneMain

Several institutional investors have recently bought and sold shares of OMF. Norges Bank acquired a new stake in shares of OneMain in the fourth quarter worth approximately $62,732,000. Brave Warrior Advisors LLC boosted its stake in shares of OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after acquiring an additional 1,118,166 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of OneMain by 608.1% in the first quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after acquiring an additional 432,492 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of OneMain by 36.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock worth $67,238,000 after acquiring an additional 367,823 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of OneMain in the third quarter worth approximately $12,613,000. 85.82% of the stock is owned by institutional investors and hedge funds.

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.