OneMain (NYSE:OMF) Price Target Cut to $55.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its OneMain price target from $63 to $55 and kept an "underweight" rating, implying roughly a 2.3% downside from the current share price.
• Analyst views are mixed: the consensus is a "Moderate Buy" with an average price target of $67.44, while firms range from RBC's $73 "outperform" to Barclays' $62 "equal weight" and Evercore's $55.
• OneMain beat Q4 estimates (EPS $1.59 vs $1.55; revenue $1.61B vs $1.28B), and trades at a low valuation (market cap ~$6.6B, PE ~8.6), reflecting solid profitability metrics (ROE 23.8%, net margin 14.4%).

OneMain (NYSE:OMF - Get Free Report) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $63.00 to $55.00 in a report released on Thursday,Benzinga reports. The firm presently has an "underweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 2.27% from the stock's current price.

A number of other research firms also recently issued reports on OMF. Royal Bank Of Canada raised their target price on OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday, February 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of OneMain in a research report on Monday, December 29th. Barclays decreased their target price on OneMain from $71.00 to $62.00 and set an "equal weight" rating for the company in a research report on Monday. Wall Street Zen downgraded OneMain from a "buy" rating to a "hold" rating in a research report on Sunday, January 18th. Finally, Evercore set a $55.00 price target on OneMain in a report on Tuesday, March 17th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, OneMain has a consensus rating of "Moderate Buy" and a consensus price target of $67.44.

OneMain Trading Up 0.5%

Shares of OMF traded up $0.27 on Thursday, reaching $56.28. 856,026 shares of the company's stock traded hands, compared to its average volume of 1,590,788. The stock has a market cap of $6.59 billion, a PE ratio of 8.57, a PEG ratio of 0.40 and a beta of 1.30. The stock's 50 day simple moving average is $55.94 and its two-hundred day simple moving average is $59.92. OneMain has a 52-week low of $41.40 and a 52-week high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same period last year, the business posted $1.16 earnings per share. Analysts forecast that OneMain will post 6.46 earnings per share for the current year.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares of the company's stock, valued at approximately $6,162,500. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On OneMain

Large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its stake in OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock valued at $25,000 after buying an additional 202 shares during the period. Root Financial Partners LLC bought a new stake in OneMain during the third quarter valued at $26,000. Core Wealth Advisors LLC bought a new stake in OneMain during the fourth quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new stake in OneMain during the fourth quarter valued at $36,000. Finally, Activest Wealth Management boosted its stake in OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider's stock valued at $33,000 after buying an additional 529 shares during the period. Institutional investors own 85.82% of the company's stock.

About OneMain

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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