OneMain (NYSE:OMF) Rating Reiterated by JMP Securities

JMP Securities restated their market outperform rating on shares of OneMain (NYSE:OMF) in a research report released on Wednesday morning, Benzinga reports. JMP Securities currently has a $57.00 target price on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler downgraded OneMain from an overweight rating to a neutral rating and reduced their target price for the company from $55.00 to $49.00 in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on OneMain from $43.00 to $48.00 and gave the company an equal weight rating in a report on Thursday, January 4th. StockNews.com raised OneMain from a hold rating to a buy rating in a report on Wednesday, February 14th. Royal Bank of Canada raised their target price on OneMain from $50.00 to $55.00 and gave the company an outperform rating in a report on Monday, April 1st. Finally, Barclays cut their price objective on OneMain from $57.00 to $54.00 and set an overweight rating on the stock 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 stock. According to MarketBeat, OneMain presently has an average rating of Moderate Buy and a consensus target price of $51.54.

OneMain Price Performance

OneMain stock opened at $47.24 on Wednesday. The stock’s fifty day moving average price is $48.05 and its two-hundred day moving average price is $44.73. OneMain has a one year low of $33.67 and a one year high of $51.65. The firm has a market cap of $5.66 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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 business posted $1.56 EPS. Sell-side analysts expect that OneMain will post 5.67 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 8.47%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is presently 75.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC acquired a new position in OneMain during the 4th quarter worth about $1,649,000. Invesco Ltd. lifted its holdings in OneMain by 36.5% during the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock worth $22,657,000 after buying an additional 151,226 shares during the period. Jump Financial LLC bought a new position in shares of OneMain in the 3rd quarter worth about $1,351,000. Miller Howard Investments Inc. NY raised its position in shares of OneMain by 659.7% in the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 91,429 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new position in shares of OneMain in the 3rd quarter worth about $855,000. 85.82% of the stock is owned by institutional investors and hedge funds.

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.