OneMain (NYSE:OMF) Given New $80.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank trimmed its price target on OneMain to $80 (from $81) but maintained a "buy" rating, implying roughly a 43% upside from the prior close.
• OneMain beat the quarter with $1.95 EPS versus $1.86 expected and revenue of $1.58B; analysts' consensus is a "Moderate Buy" with a $68.30 target.
• The COO sold 5,000 shares under a Rule 10b5‑1 plan while institutional investors have been adding positions, leaving about 85.8% institutional ownership.

OneMain (NYSE:OMF - Get Free Report) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $81.00 to $80.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 43.35% from the company's previous close.

A number of other research analysts also recently commented on OMF. Wells Fargo & Company decreased their price objective on shares of OneMain from $70.00 to $65.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Barclays set a $61.00 target price on shares of OneMain in a report on Monday. TD Cowen reiterated a "buy" rating on shares of OneMain in a report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on OneMain from $63.00 to $55.00 and set an "underweight" rating on the stock in a research report on Thursday, April 9th. Finally, Truist Financial dropped their price objective on OneMain from $75.00 to $73.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.30.

OneMain Trading Down 1.4%

NYSE OMF opened at $55.81 on Monday. The company has a market cap of $6.54 billion, a PE ratio of 8.30, a PEG ratio of 0.41 and a beta of 1.27. OneMain has a 12 month low of $45.78 and a 12 month high of $71.93. The stock has a 50 day moving average of $55.12 and a 200-day moving average of $60.14.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.25%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that OneMain will post 7.49 EPS for the current fiscal year.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On OneMain

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of OneMain in the fourth quarter valued at approximately $100,312,000. Janus Henderson Group PLC lifted its holdings in OneMain by 70.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider's stock worth $171,210,000 after purchasing an additional 1,047,263 shares during the last quarter. Certuity LLC boosted its stake in OneMain by 107.6% in the 3rd quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider's stock valued at $109,013,000 after purchasing an additional 1,000,654 shares during the period. Azora Capital LP boosted its stake in OneMain by 210.7% in the 4th quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider's stock valued at $92,066,000 after purchasing an additional 924,302 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in OneMain by 57.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider's stock valued at $110,958,000 after buying an additional 713,670 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Company Profile

OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

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