OneMain (NYSE:OMF) Stock Gets Price Target Cut from Royal Bank Of Canada

OneMain (NYSE:OMF) had its price target lowered by analysts at Royal Bank Of Canada from $71.00 to $70.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada‘s price target indicates a potential upside of 22.64% from the company’s current price.

OMF has been the topic of a number of other research reports. Evercore set a $60.00 target price on shares of OneMain in a research report on Thursday, October 1st. JPMorgan Chase & Co. upped their price target on shares of OneMain from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Monday. Citizens Jmp raised their price objective on OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Barclays decreased their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Finally, Weiss Ratings raised OneMain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $67.27.

OneMain Stock Performance

OMF stock traded up $0.53 during midday trading on Monday, reaching $57.08. 111,567 shares of the company’s stock traded hands, compared to its average volume of 1,207,944. The firm has a market capitalization of $6.57 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.64 and a beta of 1.24. OneMain has a 52 week low of $45.78 and a 52 week high of $71.93. The company has a 50-day moving average price of $59.02 and a two-hundred day moving average price of $58.46.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.05). OneMain had a return on equity of 21.91% and a net margin of 13.43%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned $1.90 earnings per share. As a group, analysts predict that OneMain will post 6.73 EPS for the current fiscal year.

Insider Activity

In other OneMain news, COO Micah Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the sale, the chief operating officer owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. The trade was a 5.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

Institutional Trading of OneMain

Several large investors have recently modified their holdings of OMF. New York State Teachers Retirement System increased its position in OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 189 shares during the last quarter. Cidel Asset Management Inc. grew its stake in shares of OneMain by 6.0% during the 3rd quarter. Cidel Asset Management Inc. now owns 3,702 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 211 shares during the period. Taylor Frigon Capital Management LLC boosted its holdings in shares of OneMain by 0.6% in the third quarter. Taylor Frigon Capital Management LLC now owns 35,370 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 225 shares during the last quarter. Park Avenue Securities LLC grew its position in OneMain by 2.7% during the third quarter. Park Avenue Securities LLC now owns 8,980 shares of the financial services provider’s stock valued at $497,000 after buying an additional 234 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in OneMain by 32.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider’s stock valued at $62,000 after buying an additional 246 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Company Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.