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

OneMain (NYSE:OMF) had its target price upped by Citizens Jmp from $63.00 to $70.00 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 objective suggests a potential upside of 18.34% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price objective on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $57.00 price target (down previously from $63.00) on shares of OneMain in a research report on Tuesday, October 7th. JMP Securities set a $70.00 price target on OneMain in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneMain in a research report on Friday. Finally, Citigroup reaffirmed an “outperform” rating on shares of OneMain in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.25.

OneMain Trading Up 6.1%

OMF stock opened at $59.15 on Monday. The stock’s fifty day simple moving average is $58.36 and its two-hundred day simple moving average is $55.55. OneMain has a 1-year low of $38.00 and a 1-year high of $63.24. The stock has a market cap of $7.03 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 1.32.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, analysts forecast that OneMain will post 6.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently added to or reduced their stakes in OMF. Root Financial Partners LLC purchased a new position in shares of OneMain in the 3rd quarter worth about $26,000. SVB Wealth LLC purchased a new position in shares of OneMain in the 1st quarter worth about $34,000. Bayforest Capital Ltd boosted its holdings in shares of OneMain by 591.8% in the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 574 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of OneMain by 57.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 262 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in OneMain during the 1st quarter valued at about $42,000. 85.82% of the stock is currently owned by institutional investors.

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.