OneMain (NYSE:OMF) Rating Reiterated by JMP Securities

JMP Securities restated their market outperform rating on shares of OneMain (NYSE:OMF) in a research report sent to investors on Wednesday morning, Benzinga reports. JMP Securities currently has a $57.00 price target on the financial services provider’s stock.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company boosted their price objective on OneMain from $43.00 to $48.00 and gave the company an equal weight rating in a research report on Thursday, January 4th. Barclays reduced their price objective on OneMain from $57.00 to $54.00 and set an overweight rating for the company in a research report on Thursday, February 8th. StockNews.com upgraded OneMain from a hold rating to a buy rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price target on OneMain from $47.00 to $51.00 and gave the stock an overweight rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler lowered OneMain from an overweight rating to a neutral rating and reduced their price target for the stock from $55.00 to $49.00 in a research report 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 company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $51.54.

OneMain Trading Up 1.6 %

Shares of NYSE OMF opened at $48.68 on Wednesday. OneMain has a 12-month low of $33.67 and a 12-month high of $51.65. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. The stock’s 50 day simple moving average is $48.21 and its 200 day simple moving average is $44.82.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. During the same quarter in the previous year, the firm posted $1.56 EPS. As a group, equities analysts forecast that OneMain will post 5.67 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.22%. OneMain’s dividend payout ratio (DPR) is 75.19%.

Institutional Trading of OneMain

Several institutional investors have recently modified their holdings of OMF. JPMorgan Chase & Co. raised its position in shares of OneMain by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock worth $9,500,000 after purchasing an additional 60,428 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of OneMain by 106.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 6,898 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of OneMain during the first quarter worth $534,000. Bank of Montreal Can raised its position in shares of OneMain by 72.6% during the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 20,646 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in shares of OneMain during the first quarter worth $104,000. 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.