OneMain (NYSE:OMF) Price Target Raised to $70.00 at Royal Bank Of Canada

OneMain (NYSE:OMF) had its price objective upped by research analysts at Royal Bank Of Canada from $68.00 to $70.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 16.07% from the company’s previous close.

A number of other brokerages have also issued reports on OMF. Citigroup reiterated an “outperform” rating on shares of OneMain in a report on Monday. Barclays lifted their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Weiss Ratings restated a “buy (b)” rating on shares of OneMain in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $57.00 price target (down previously from $63.00) on shares of OneMain in a research note on Tuesday, October 7th. Finally, Citizens Jmp upped their target price on OneMain from $63.00 to $70.00 and gave the company a “market outperform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $62.88.

OneMain Price Performance

Shares of NYSE OMF traded up $1.12 during mid-day trading on Monday, hitting $60.31. 228,118 shares of the stock traded hands, compared to its average volume of 1,079,136. The company has a market cap of $7.17 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. OneMain has a twelve month low of $38.00 and a twelve month high of $63.24. The firm has a 50 day simple moving average of $58.36 and a two-hundred day simple moving average of $55.55.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company earned $1.31 earnings per share. On average, equities research analysts anticipate that OneMain will post 6.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OMF. Root Financial Partners LLC acquired a new stake in OneMain in the third quarter worth $26,000. Bayforest Capital Ltd raised its holdings in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 574 shares during the period. SVB Wealth LLC bought a new position in shares of OneMain during the 1st quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of OneMain by 57.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after buying an additional 262 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds 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.