JMP Securities Reiterates "Market Outperform" Rating for OneMain (NYSE:OMF)

OneMain (NYSE:OMF - Get Free Report)'s stock had its "market outperform" rating reissued by stock analysts at JMP Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $57.00 price objective on the financial services provider's stock. JMP Securities' price target would indicate a potential upside of 20.66% from the company's previous close.

Several other research firms have also recently commented on OMF. Stephens decreased their price target on shares of OneMain from $61.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 8th. Piper Sandler downgraded shares of OneMain from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $55.00 to $49.00 in a research note on Thursday, February 8th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 14th. Wells Fargo & Company upped their target price on OneMain from $43.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 4th. Finally, Northland Securities lowered OneMain from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $46.00 to $49.00 in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.54.

OneMain Price Performance

NYSE OMF traded down $0.20 on Wednesday, hitting $47.24. 667,104 shares of the stock were exchanged, compared to its average volume of 1,040,388. The company's 50-day moving average price is $48.05 and its two-hundred day moving average price is $44.73. OneMain has a 52-week low of $33.67 and a 52-week high of $51.65. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter last year, the firm posted $1.56 earnings per share. Equities analysts predict that OneMain will post 5.67 EPS for the current fiscal year.

Institutional Trading of OneMain

A number of hedge funds have recently bought and sold shares of OMF. PNC Financial Services Group Inc. increased its stake in OneMain by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. lifted its position in shares of OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider's stock worth $36,000 after buying an additional 243 shares during the period. Quadrant Capital Group LLC raised its stake 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 worth $69,000 after acquiring an additional 251 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of OneMain by 25.4% during the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 271 shares during the period. Finally, Alps Advisors Inc. grew its holdings in shares of OneMain by 2.0% in the 3rd quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider's stock worth $573,000 after purchasing an additional 275 shares during the last quarter. 85.82% of the stock is owned by 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.