TD Cowen Increases OneMain (NYSE:OMF) Price Target to $80.00

OneMain (NYSE:OMF) had its price objective increased by investment analysts at TD Cowen from $72.00 to $80.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 12.81% from the stock’s previous close.

A number of other equities research analysts have also issued reports on OMF. Truist Financial started coverage on shares of OneMain in a report on Monday, December 8th. They set a “buy” rating and a $75.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Wells Fargo & Company increased their price target on OneMain from $63.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI set a $75.00 price objective on OneMain in a research note on Tuesday. Finally, Barclays upped their price target on OneMain from $56.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.70.

OneMain Trading Up 0.8%

NYSE:OMF traded up $0.59 during mid-day trading on Thursday, reaching $70.92. 449,116 shares of the stock were exchanged, compared to its average volume of 866,400. OneMain has a 1-year low of $38.00 and a 1-year high of $71.62. The firm has a market capitalization of $8.35 billion, a PE ratio of 12.02, a PEG ratio of 0.39 and a beta of 1.33. The business has a fifty day moving average price of $64.09 and a 200 day moving average price of $60.17.

OneMain (NYSE:OMF) last released its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a net margin of 13.15% and a return on equity of 22.70%. During the same period in the previous year, the firm earned $1.31 EPS. On average, sell-side analysts forecast that OneMain will post 6.46 earnings per share for the current year.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,221 shares in the company, valued at $5,222,683.20. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael A. Hedlund sold 652 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the sale, the senior vice president owned 15,179 shares in the company, valued at approximately $941,098. This represents a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 98,152 shares of company stock valued at $6,353,899 over the last 90 days. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On OneMain

Several institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in OneMain during the 3rd quarter worth $26,000. Activest Wealth Management raised its stake in OneMain by 1,102.1% in the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 529 shares in the last quarter. Bayforest Capital Ltd grew its stake in OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after buying an additional 574 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in OneMain by 57.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 262 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of OneMain during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.