OneMain (NYSE:OMF – Get Free Report) had its price target hoisted by analysts at Wells Fargo & Company from $53.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 4.87% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Barclays increased their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price on the stock. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $60.78.
View Our Latest Stock Report on OneMain
OneMain Stock Down 0.0%
OneMain (NYSE:OMF – Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts expect that OneMain will post 6.46 earnings per share for the current year.
Insider Activity
In related news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer directly owned 368,925 shares in the company, valued at $18,446,250. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total transaction of $261,050.00. Following the sale, the chief operating officer directly owned 108,007 shares in the company, valued at approximately $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,000 shares of company stock worth $5,082,190. Corporate insiders own 0.40% of the company’s stock.
Hedge Funds Weigh In On OneMain
Several hedge funds have recently made changes to their positions in OMF. Alpine Bank Wealth Management purchased a new position in shares of OneMain in the first quarter worth about $27,000. SVB Wealth LLC purchased a new position in OneMain during the 1st quarter worth approximately $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of OneMain in the 1st quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in shares of OneMain in the first quarter worth $46,000. Finally, GAMMA Investing LLC raised its holdings in shares of OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 662 shares during the last quarter. 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.
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