OneMain (NYSE:OMF) had its target price increased by stock analysts at Credit Suisse Group from $69.00 to $72.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Credit Suisse Group's target price would suggest a potential upside of 28.18% from the stock's previous close.
Several other analysts also recently issued reports on the company. Northland Securities boosted their price target on OneMain from $45.00 to $60.00 in a research note on Wednesday, February 10th. Citigroup lifted their price objective on OneMain from $45.00 to $62.00 in a report on Wednesday, February 10th. Piper Sandler boosted their price target on OneMain from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, February 10th. JPMorgan Chase & Co. lowered their price target on OneMain from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, April 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded OneMain from a "hold" rating to a "buy" rating and set a $64.00 price objective on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. OneMain has a consensus rating of "Buy" and a consensus price target of $54.29.
Shares of OneMain stock opened at $56.17 on Tuesday. The business's 50 day simple moving average is $54.73 and its 200 day simple moving average is $47.75. The firm has a market cap of $7.55 billion, a PE ratio of 12.03 and a beta of 2.28. OneMain has a 52-week low of $17.82 and a 52-week high of $59.00.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Sunday, April 25th. The financial services provider reported $3.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.15 by $1.22. OneMain had a return on equity of 20.88% and a net margin of 13.61%. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, analysts anticipate that OneMain will post 5.19 EPS for the current fiscal year.
In other news, insider George G. Hicks sold 1,901,638 shares of the firm's stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $51.01, for a total value of $97,002,554.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.45% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC raised its position in shares of OneMain by 6.5% in the first quarter. Great Lakes Advisors LLC now owns 232,166 shares of the financial services provider's stock worth $12,472,000 after buying an additional 14,169 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of OneMain by 12.1% in the first quarter. Treasurer of the State of North Carolina now owns 26,780 shares of the financial services provider's stock worth $1,439,000 after buying an additional 2,890 shares in the last quarter. Avestar Capital LLC purchased a new stake in OneMain during the first quarter valued at about $257,000. Creative Planning raised its position in OneMain by 106.0% during the first quarter. Creative Planning now owns 19,721 shares of the financial services provider's stock valued at $1,059,000 after purchasing an additional 10,148 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in OneMain during the first quarter valued at about $38,000. Institutional investors own 85.12% of the company's stock.
OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.
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