OneMain (NYSE:OMF) PT Raised to $50.00

OneMain (NYSE:OMF) had its target price hoisted by BMO Capital Markets from $48.00 to $50.00 in a research report report published on Thursday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

OMF has been the topic of several other research reports. Wells Fargo & Company upped their target price on shares of OneMain from $43.00 to $48.00 and gave the stock an equal weight rating in a research note on Thursday, January 4th. TD Cowen increased their target price on OneMain from $58.00 to $60.00 and gave the company a buy rating in a research note on Wednesday. Royal Bank of Canada boosted their price target on OneMain from $50.00 to $55.00 and gave the stock an outperform rating in a research note on Monday, April 1st. JPMorgan Chase & Co. increased their price objective on OneMain from $51.00 to $52.00 and gave the company an overweight rating in a research report on Wednesday. Finally, Piper Sandler lowered OneMain from an overweight rating to a neutral rating and decreased their target price 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. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $54.62.

OneMain Stock Up 0.8 %

OMF stock opened at $51.20 on Thursday. The business has a 50 day moving average of $49.05 and a 200 day moving average of $45.75. The firm has a market cap of $6.13 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. OneMain has a twelve month low of $33.67 and a twelve month high of $53.65.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same period last year, the company earned $1.46 earnings per share. On average, research analysts expect that OneMain will post 5.67 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.13%. OneMain’s dividend payout ratio (DPR) is presently 77.97%.

Institutional Trading of OneMain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC purchased a new stake in OneMain in the fourth quarter worth about $1,649,000. Invesco Ltd. increased its holdings in OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock worth $22,657,000 after acquiring an additional 151,226 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in OneMain by 659.7% during the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 91,429 shares during the period. Jump Financial LLC purchased a new position in OneMain during the third quarter valued at approximately $1,351,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in shares of OneMain in the third quarter worth approximately $855,000. 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.