OneMain (NYSE:OMF) PT Set at $56.00 by BMO Capital Markets

BMO Capital Markets set a $56.00 price target on OneMain (NYSE:OMF) in a report published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock.

OMF has been the subject of a number of other research reports. JPMorgan Chase & Co. raised OneMain from a neutral rating to an overweight rating and boosted their price target for the stock from $37.50 to $41.00 in a report on Tuesday, July 16th. Northland Securities raised OneMain from a market perform rating to an outperform rating and boosted their price target for the stock from $38.00 to $40.00 in a report on Wednesday, June 26th. Wedbush raised OneMain from a neutral rating to an outperform rating and boosted their price target for the stock from $35.00 to $45.00 in a report on Tuesday. Piper Jaffray Companies set a $48.00 price target on OneMain and gave the stock a buy rating in a report on Wednesday. Finally, Compass Point boosted their price target on OneMain from $42.00 to $50.00 and gave the stock a buy rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. OneMain presently has a consensus rating of Buy and an average target price of $44.70.

Shares of OneMain stock traded down $0.42 during trading on Wednesday, reaching $41.01. 639,547 shares of the company’s stock were exchanged, compared to its average volume of 552,957. OneMain has a 1-year low of $22.47 and a 1-year high of $43.28. The stock has a market cap of $5.73 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.73 and a beta of 2.41. The company has a 50-day simple moving average of $34.53.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.27. OneMain had a return on equity of 20.44% and a net margin of 15.98%. The company had revenue of $762.00 million during the quarter, compared to analysts’ expectations of $743.08 million. During the same quarter in the previous year, the firm earned $1.18 EPS. As a group, sell-side analysts anticipate that OneMain will post 5.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.44%. OneMain’s payout ratio is presently 19.76%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC increased its holdings in OneMain by 33.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 355 shares in the last quarter. Twin Tree Management LP increased its holdings in OneMain by 19.4% in the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 451 shares in the last quarter. Stifel Financial Corp increased its holdings in OneMain by 5.9% in the 4th quarter. Stifel Financial Corp now owns 14,010 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 776 shares in the last quarter. Cadence Capital Management LLC increased its holdings in OneMain by 2.4% in the 1st quarter. Cadence Capital Management LLC now owns 36,716 shares of the financial services provider’s stock worth $1,166,000 after purchasing an additional 868 shares in the last quarter. Finally, Reliance Trust Co. of Delaware increased its holdings in OneMain by 6.9% in the 1st quarter. Reliance Trust Co. of Delaware now owns 15,267 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 981 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for OneMain (NYSE:OMF)

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