OneMain (NYSE:OMF) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of OneMain (NYSE:OMF) in a report published on Wednesday, Benzinga reports. They currently have a $57.00 price objective on the financial services provider’s stock.

OMF has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on OneMain from $47.00 to $51.00 and gave the stock an overweight rating in a research note on Wednesday, April 3rd. Northland Securities lowered OneMain from an outperform rating to a market perform rating and boosted their price objective for the stock from $46.00 to $49.00 in a research note on Wednesday, January 17th. Royal Bank of Canada boosted their price objective on OneMain from $50.00 to $55.00 and gave the stock an outperform rating in a research note on Monday, April 1st. StockNews.com raised OneMain from a hold rating to a buy rating in a research note on Wednesday, February 14th. Finally, Barclays dropped their target price on OneMain from $57.00 to $54.00 and set an overweight rating for the company in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $51.54.

OneMain Price Performance

Shares of OMF stock opened at $47.24 on Wednesday. The stock’s fifty day simple moving average is $48.05 and its 200 day simple moving average is $44.73. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.65 and a beta of 1.65. OneMain has a one year low of $33.67 and a one year high of $51.65.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter in the previous year, the firm earned $1.56 EPS. On average, research analysts anticipate that OneMain will post 5.67 earnings per share for the current year.

OneMain Dividend Announcement

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

Institutional Investors Weigh In On OneMain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMF. Quantbot Technologies LP bought a new stake in OneMain in the third quarter valued at about $26,000. Atlas Capital Advisors LLC bought a new stake in OneMain in the second quarter valued at about $29,000. International Assets Investment Management LLC bought a new stake in shares of OneMain in the third quarter worth about $30,000. Geneos Wealth Management Inc. increased its holdings in shares of OneMain by 129.0% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 400 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

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.