OneMain (NYSE:OMF) has been assigned a $48.00 price objective by stock analysts at Piper Jaffray Companies in a research report issued on Wednesday, TipRanks reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 17.04% from the company’s current price. Piper Jaffray Companies also issued estimates for OneMain’s Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.44 EPS, Q1 2020 earnings at $1.36 EPS, Q2 2020 earnings at $1.53 EPS, Q3 2020 earnings at $1.68 EPS, Q4 2020 earnings at $1.68 EPS and FY2020 earnings at $6.25 EPS.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th. Compass Point raised their target price on OneMain from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush upgraded OneMain from a “neutral” rating to an “outperform” rating and raised their target price for the company from $35.00 to $45.00 in a research note on Tuesday. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating and raised their target price for the company from $38.00 to $40.00 in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. upgraded OneMain from a “neutral” rating to an “overweight” rating and raised their target price for the company from $37.50 to $41.00 in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.70.
OMF traded down $0.42 during trading hours on Wednesday, hitting $41.01. 639,547 shares of the stock were exchanged, compared to its average volume of 552,957. The stock has a 50-day simple moving average of $34.53. OneMain has a 12 month low of $22.47 and a 12 month high of $43.28. The firm has a market capitalization of $5.73 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.73 and a beta of 2.41.
A number of large investors have recently added to or reduced their stakes in OMF. Hillsdale Investment Management Inc. acquired a new stake in shares of OneMain during the 2nd quarter valued at about $498,000. Swiss National Bank lifted its holdings in OneMain by 2.2% in the 2nd quarter. Swiss National Bank now owns 151,800 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 3,300 shares during the last quarter. Comerica Bank lifted its holdings in OneMain by 7.1% in the 2nd quarter. Comerica Bank now owns 180,855 shares of the financial services provider’s stock worth $6,151,000 after purchasing an additional 12,062 shares during the last quarter. Stephens Inc. AR lifted its holdings in OneMain by 123.6% in the 2nd quarter. Stephens Inc. AR now owns 28,507 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 15,759 shares during the last quarter. Finally, Stevens Capital Management LP lifted its holdings in OneMain by 173.8% in the 2nd quarter. Stevens Capital Management LP now owns 35,555 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 22,570 shares during the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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