OneMain (NYSE:OMF) PT Raised to $50.00 at BMO Capital Markets

OneMain (NYSE:OMF - Free Report) had its price objective upped by BMO Capital Markets from $48.00 to $50.00 in a report published on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

A number of other brokerages have also issued reports on OMF. Northland Securities lowered shares of 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 note on Wednesday, January 17th. Stephens reduced their target price on shares of OneMain from $61.00 to $57.00 and set an overweight rating on the stock in a report on Thursday, February 8th. Wells Fargo & Company boosted their price target 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. Barclays reduced their price objective on OneMain from $57.00 to $54.00 and set an overweight rating on the stock in a research note on Thursday, February 8th. Finally, Citigroup decreased their target price on OneMain from $54.00 to $52.00 and set a buy rating for the company in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $54.23.

OneMain Trading Up 0.1 %

OneMain stock traded up $0.05 during trading on Thursday, hitting $50.81. The company had a trading volume of 1,477,464 shares, compared to its average volume of 1,058,417. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. OneMain has a 1-year low of $33.67 and a 1-year high of $53.65. The company's 50 day simple moving average is $48.95 and its 200-day simple moving average is $45.62.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $907.93 million. OneMain had a return on equity of 20.94% and a net margin of 13.29%. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, analysts forecast that OneMain will post 5.67 earnings per share for the current fiscal 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. This represents a $4.16 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Thursday, May 9th. This is a positive change from OneMain's previous quarterly dividend of $1.00. OneMain's dividend payout ratio (DPR) is 77.97%.

Institutional Investors Weigh In On OneMain

Several institutional investors have recently added to or reduced their stakes in the business. Argent Capital Management LLC lifted its position in shares of OneMain by 608.1% during the 1st quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider's stock worth $25,730,000 after buying an additional 432,492 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in OneMain by 6.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider's stock worth $523,000 after acquiring an additional 622 shares in the last quarter. UMB Bank n.a. lifted its position in OneMain by 557.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,138 shares during the last quarter. SlateStone Wealth LLC acquired a new position in OneMain in the first quarter valued at $216,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in OneMain by 4.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 105,133 shares of the financial services provider's stock valued at $5,371,000 after acquiring an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors 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.