OneMain (NYSE:OMF) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $41.00 target price on the financial services provider’s stock, up from their previous target price of $37.50. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.55% from the company’s current price.
Several other research analysts also recently issued reports on OMF. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Wedbush reiterated an “outperform” rating and issued a $124.00 target price on shares of New Relic in a research note on Wednesday, May 15th. Finally, Northland Securities assumed coverage on shares of Enphase Energy in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.38.
Shares of NYSE OMF opened at $34.01 on Tuesday. The business has a 50 day moving average price of $32.66. The company has a market capitalization of $4.62 billion, a P/E ratio of 6.72, a PEG ratio of 0.60 and a beta of 2.41. OneMain has a 52-week low of $22.47 and a 52-week high of $37.29.
OneMain (NYSE:OMF) last issued its earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $735.94 million. OneMain had a net margin of 11.73% and a return on equity of 19.22%. During the same quarter in the prior year, the firm posted $1.18 earnings per share. On average, analysts expect that OneMain will post 5.69 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of OMF. Varde Management L.P. bought a new position in OneMain during the first quarter valued at approximately $360,500,000. Norges Bank bought a new position in OneMain during the fourth quarter valued at approximately $40,862,000. FMR LLC lifted its position in OneMain by 5.2% during the first quarter. FMR LLC now owns 12,225,438 shares of the financial services provider’s stock valued at $388,157,000 after purchasing an additional 606,258 shares during the period. Dimensional Fund Advisors LP lifted its position in OneMain by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock valued at $83,806,000 after purchasing an additional 423,499 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in OneMain by 2,064.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock valued at $9,332,000 after purchasing an additional 366,417 shares during the period. Institutional investors own 90.39% of the company’s stock.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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