Wells Fargo & Company Boosts OneMain (NYSE:OMF) Price Target to $53.00

OneMain (NYSE:OMF) had its target price boosted by stock analysts at Wells Fargo & Company from $48.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.52% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Royal Bank of Canada upped their price objective on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Barclays reduced their price objective on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Piper Sandler cut OneMain from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. Finally, BMO Capital Markets upped their price objective on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.62.

OneMain Trading Up 0.8 %

NYSE:OMF opened at $51.20 on Thursday. OneMain has a 1 year low of $33.67 and a 1 year high of $53.65. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.71 and a beta of 1.63. The stock has a 50-day moving average price of $49.05 and a two-hundred day moving average price of $45.71.

OneMain (NYSE:OMF) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.94% and a net margin of 13.29%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same period in the previous year, the firm earned $1.46 earnings per share. Sell-side analysts forecast that OneMain will post 5.65 earnings per share for the current year.

Institutional Trading of OneMain

Several institutional investors and hedge funds have recently bought and sold shares of OMF. Central Pacific Bank Trust Division bought a new stake in OneMain in the first quarter valued at approximately $383,000. Argent Capital Management LLC raised its stake in OneMain by 608.1% in the first quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock valued at $25,730,000 after buying an additional 432,492 shares during the period. Commonwealth Equity Services LLC raised its stake in OneMain by 6.5% in the first quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider’s stock valued at $523,000 after buying an additional 622 shares during the period. UMB Bank n.a. raised its stake in OneMain by 557.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,138 shares during the period. Finally, SlateStone Wealth LLC bought a new stake in OneMain in the first quarter valued at approximately $216,000. Institutional investors own 85.82% of the company’s stock.

About OneMain

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.