OneMain (NYSE:OMF) Price Target Raised to $52.00

OneMain (NYSE:OMF) had its price objective upped by JPMorgan Chase & Co. from $51.00 to $52.00 in a research note issued to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Several other analysts also recently issued reports on OMF. Stephens reduced their price target on shares of OneMain from $61.00 to $57.00 and set an overweight rating for the company in a research report on Thursday, February 8th. Royal Bank of Canada boosted their target price on shares of OneMain from $50.00 to $55.00 and gave the stock an outperform rating in a research report on Monday, April 1st. Barclays dropped their price target on shares of OneMain from $57.00 to $54.00 and set an overweight rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company boosted their price objective on OneMain from $43.00 to $48.00 and gave the stock an equal weight rating in a report on Thursday, January 4th. Finally, Citigroup lowered their price objective on OneMain from $54.00 to $52.00 and set a buy rating for the company in a research note 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. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $54.62.

OneMain Trading Up 0.8 %

Shares of NYSE OMF opened at $51.20 on Wednesday. The firm has a market capitalization of $6.13 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.71 and a beta of 1.63. The firm’s 50-day moving average price is $49.05 and its 200-day moving average price is $45.75. OneMain has a 1-year low of $33.67 and a 1-year high of $53.65.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. During the same period in the prior year, the business earned $1.46 EPS. Equities research analysts forecast that OneMain will post 5.67 EPS for the current year.

OneMain Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, May 9th. This is a positive change from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. OneMain’s dividend payout ratio (DPR) is currently 77.97%.

Hedge Funds Weigh In On OneMain

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in OneMain by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. lifted its stake in OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in OneMain by 21.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 251 shares during the period. Allworth Financial LP increased its position in OneMain by 25.4% in the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after buying an additional 271 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of OneMain by 2.0% in the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock valued at $573,000 after buying an additional 275 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.