OneMain (NYSE:OMF) PT Raised to $55.00 at Royal Bank of Canada

OneMain (NYSE:OMF - Get Free Report) had its target price lifted by equities research analysts at Royal Bank of Canada from $50.00 to $55.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Royal Bank of Canada's price target would suggest a potential upside of 9.50% from the company's current price.

OMF has been the topic of several other reports. Northland Securities lowered OneMain from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $46.00 to $49.00 in a research report on Wednesday, January 17th. Wells Fargo & Company upped their target price on OneMain from $43.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, January 4th. Piper Sandler lowered OneMain from an "overweight" rating to a "neutral" rating and cut their target price for the company from $55.00 to $49.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut their target price on OneMain from $50.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, February 8th. Finally, StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $51.23.

OneMain Trading Down 1.7 %

Shares of OneMain stock traded down $0.86 during trading hours on Monday, hitting $50.23. 434,260 shares of the company were exchanged, compared to its average volume of 1,059,230. OneMain has a 1 year low of $33.67 and a 1 year high of $51.65. The business has a 50-day moving average of $47.84 and a 200-day moving average of $44.06. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.69 and a beta of 1.65.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share 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 analysts' expectations of $913.90 million. During the same quarter last year, the business posted $1.56 earnings per share. As a group, research analysts anticipate that OneMain will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of OneMain

Several institutional investors have recently modified their holdings of OMF. Invesco Ltd. lifted its holdings in shares of OneMain by 36.5% during the third quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider's stock valued at $22,657,000 after purchasing an additional 151,226 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of OneMain during the third quarter valued at $1,351,000. Robertson Stephens Wealth Management LLC purchased a new stake in shares of OneMain during the third quarter valued at $855,000. Comerica Bank purchased a new stake in shares of OneMain during the second quarter valued at $10,050,000. Finally, Seven Eight Capital LP purchased a new stake in shares of OneMain during the third quarter valued at $1,672,000. 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.