Citizens Jmp Issues Pessimistic Forecast for OneMain (NYSE:OMF) Stock Price

OneMain (NYSE:OMF) had its price objective reduced by analysts at Citizens Jmp from $70.00 to $68.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price target indicates a potential upside of 10.85% from the company’s current price.

A number of other research firms have also recently issued reports on OMF. JMP Securities set a $68.00 price objective on shares of OneMain in a research report on Monday. Royal Bank Of Canada increased their price target on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen raised OneMain from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.63.

OneMain Stock Performance

Shares of OMF opened at $61.34 on Monday. OneMain has a 52-week low of $38.00 and a 52-week high of $63.24. The business’s 50 day moving average price is $57.77 and its two-hundred day moving average price is $56.98. The firm has a market cap of $7.22 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.45 and a beta of 1.37.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $747.00 million during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted $1.31 EPS. Research analysts predict that OneMain will post 6.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the transaction, the chief executive officer owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. This represents a 13.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $59.20, for a total value of $296,000.00. Following the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at $5,222,683.20. This represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On OneMain

A number of hedge funds and other institutional investors have recently bought and sold shares of OMF. Vanguard Group Inc. boosted its position in shares of OneMain by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock worth $675,849,000 after purchasing an additional 249,785 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in OneMain in the second quarter worth $611,102,000. Capital International Investors grew its stake in shares of OneMain by 0.8% in the third quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock worth $585,868,000 after acquiring an additional 82,202 shares during the last quarter. Brave Warrior Advisors LLC increased its holdings in shares of OneMain by 7.2% during the second quarter. Brave Warrior Advisors LLC now owns 7,870,085 shares of the financial services provider’s stock valued at $448,595,000 after acquiring an additional 526,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after acquiring an additional 63,774 shares in the last quarter. Hedge funds and other 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.