BMO Capital Markets Increases OneMain (NYSE:OMF) Price Target to $50.00

OneMain (NYSE:OMF) had its price objective lifted by BMO Capital Markets from $48.00 to $50.00 in a report issued on Thursday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Northland Securities lowered shares of OneMain from an outperform rating to a market perform rating and upped their price objective for the company from $46.00 to $49.00 in a research note on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on OneMain in a research report on Wednesday, January 10th. They issued a buy rating and a $68.00 target price on the stock. JMP Securities raised their price objective on shares of OneMain from $57.00 to $62.00 and gave the company a market outperform rating in a research report on Wednesday, May 1st. Citigroup dropped their price target on shares of OneMain from $54.00 to $52.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on shares of OneMain from $50.00 to $55.00 and gave the company an outperform rating in a research note on Monday, April 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain currently has an average rating of Moderate Buy and a consensus price target of $54.62.

OneMain Stock Up 0.8 %

Shares of NYSE:OMF opened at $51.20 on Thursday. The company has a market cap of $6.13 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. The company’s fifty day moving average is $49.05 and its two-hundred day moving average is $45.80. OneMain has a 12-month low of $33.67 and a 12-month high of $53.65.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. During the same period in the prior year, the business earned $1.46 EPS. Equities research analysts anticipate that OneMain will post 5.67 earnings per share for the current year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be issued a $1.04 dividend. This is a positive change from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. OneMain’s dividend payout ratio is presently 77.97%.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in OneMain during the 3rd quarter worth about $26,000. Blue Trust Inc. lifted its position in shares of OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of OneMain during the fourth quarter valued at approximately $36,000. Operose Advisors LLC acquired a new stake in shares of OneMain in the third quarter valued at approximately $40,000. Finally, Allworth Financial LP raised its position in OneMain by 368.4% in the 3rd quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 840 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

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.