OneMain (NYSE:OMF) PT Lowered to $54.00 at Citigroup

OneMain (NYSE:OMFGet Rating) had its price objective lowered by Citigroup from $72.00 to $54.00 in a report released on Monday, The Fly reports. Citigroup’s price objective indicates a potential upside of 9.00% from the company’s previous close.

OMF has been the subject of several other reports. Wells Fargo & Company reduced their target price on OneMain from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Zacks Investment Research downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $75.00 price target on shares of OneMain in a research note on Friday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $64.00 to $56.00 in a research note on Wednesday, January 19th. Finally, StockNews.com began coverage on shares of OneMain in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Buy” and an average target price of $67.67.

NYSE:OMF traded up $2.73 during mid-day trading on Monday, hitting $49.54. The company had a trading volume of 1,581,200 shares, compared to its average volume of 1,312,806. OneMain has a fifty-two week low of $42.13 and a fifty-two week high of $63.19. The business’s fifty day moving average is $46.55 and its two-hundred day moving average is $50.21. The firm has a market cap of $6.31 billion, a P/E ratio of 5.23 and a beta of 1.69.

OneMain (NYSE:OMFGet Rating) last released its quarterly earnings results on Thursday, April 28th. The financial services provider reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.15. OneMain had a return on equity of 39.53% and a net margin of 25.60%. During the same quarter last year, the company earned $3.37 EPS. As a group, research analysts anticipate that OneMain will post 8.58 earnings per share for the current year.

In other OneMain news, CEO Douglas H. Shulman acquired 1,000 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was acquired at an average price of $48.37 per share, for a total transaction of $48,370.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC raised its position in shares of OneMain by 66.3% in the 1st quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in OneMain during the 3rd quarter valued at approximately $40,000. Whittier Trust Co. of Nevada Inc. increased its position in OneMain by 198.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 872 shares of the financial services provider’s stock valued at $44,000 after buying an additional 580 shares in the last quarter. Western Pacific Wealth Management LP bought a new position in OneMain during the 4th quarter valued at approximately $50,000. Finally, Lazard Asset Management LLC increased its position in OneMain by 19.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,353 shares of the financial services provider’s stock valued at $67,000 after buying an additional 217 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

About OneMain (Get Rating)

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

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