OneMain (NYSE:OMF) Given New $70.00 Price Target at Truist Financial

OneMain (NYSE:OMF) had its target price dropped by stock analysts at Truist Financial from $71.00 to $70.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial‘s price target indicates a potential upside of 22.82% from the stock’s current price.

A number of other analysts have also recently weighed in on OMF. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Royal Bank Of Canada decreased their price objective on shares of OneMain from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday. Barclays dropped their price objective on shares of OneMain from $60.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday. Citizens Jmp upped their price objective on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of OneMain from $52.00 to $56.00 and gave the stock an “underweight” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

OneMain Stock Performance

OMF stock traded down $0.34 during trading on Tuesday, reaching $56.99. 158,698 shares of the company traded hands, compared to its average volume of 1,209,148. OneMain has a 12 month low of $45.78 and a 12 month high of $71.93. The business has a 50 day simple moving average of $58.90 and a 200 day simple moving average of $58.41. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.24.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.05). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. During the same quarter last year, the firm earned $1.90 EPS. As a group, research analysts forecast that OneMain will post 6.73 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Provenance Wealth Advisors LLC purchased a new position in shares of OneMain in the third quarter worth about $40,000. GK Wealth Management LLC acquired a new position in OneMain during the third quarter worth about $45,000. Freestone Grove Partners LP purchased a new stake in OneMain during the 2nd quarter valued at about $61,000. Parkside Financial Bank & Trust grew its stake in OneMain by 32.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 246 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in OneMain by 37.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,180 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 320 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain News Summary

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Attractive dividend: OneMain declared a quarterly dividend of $1.05 per share, equivalent to $4.20 annually and a yield of approximately 7.4%. The ex-dividend date is November 9, with payment scheduled for November 13. The payout may appeal to income-focused investors.
• Positive Sentiment: RBC remains bullish: Royal Bank of Canada maintained an “outperform” rating while trimming its price target from $71 to $70, still implying substantial potential upside based on the referenced share price.
• Neutral Sentiment: Mixed analyst signals: JPMorgan raised its target from $52 to $56 but kept an “underweight” rating, while Barclays lowered its target from $60 to $59 and maintained an “equal weight” stance. The changes suggest limited near-term conviction despite differing views on long-term value.
• Negative Sentiment: Lower earnings expectations: Northland Securities reduced its FY2027 EPS forecast to $8.25 from $8.32. The estimate reduction adds to concerns about the outlook for OneMain’s consumer lending business.
• Negative Sentiment: Q3 results raised credit concerns: OneMain reported quarterly EPS of $1.51, below the $1.56 consensus estimate and down from $1.90 a year earlier. Although revenue exceeded expectations, investors focused on credit trends and the potential for rising losses, weighing on the stock. OneMain Stock Price Retreats After Q3 Earnings Stir Credit Concerns

About OneMain

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.