OneMain (NYSE:OMF – Get Rating ) Equities research analysts dropped their price target on Compass Point to $63.00 in a report issued on Monday, Stock Target Advisors reports. Compass Point’s target price would indicate a potential upside of 63.59% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Citigroup cut their price objective on shares of OneMain from $72.00 to $54.00 in a research report on Monday, May 2nd. Wells Fargo & Company dropped their price target on OneMain from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $75.00 price objective on shares of OneMain in a report on Friday, April 29th. Piper Sandler lowered their target price on OneMain from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Finally, StockNews.com assumed coverage on shares of OneMain in a research note on Thursday, March 31st. They gave a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.58.
Shares of NYSE OMF traded up $1.13 during trading on Monday, hitting $38.51. The company had a trading volume of 17,597 shares, compared to its average volume of 1,345,002. OneMain has a 1 year low of $34.22 and a 1 year high of $63.19. The firm’s 50-day moving average is $41.76 and its 200-day moving average is $46.73. The stock has a market cap of $4.82 billion, a P/E ratio of 4.21 and a beta of 1.71.
OneMain (NYSE:OMF – Get Rating ) last announced its quarterly earnings results on Thursday, April 28th. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.15 by $0.21. OneMain had a net margin of 25.60% and a return on equity of 40.03%. The firm had revenue of $794.00 million for the quarter, compared to analyst expectations of $1.02 billion. In the same quarter last year, the company posted earnings of $3.37 per share. equities research analysts expect that Onemain will post 8.68 EPS for the current year.
In other OneMain news, CEO Douglas H. Shulman purchased 2,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average price of $40.64 per share, for a total value of $101,600.00. Following the acquisition, the chief executive officer now owns 348,612 shares of the company’s stock, valued at $14,167,591.68. The purchase was disclosed in a Securities and Exchange Commission legal filing available at this hyperlink. Also, CEO Douglas H. Shulman acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $40.23 per share, for a total value of $40,230.00. Following the completion of the transaction, the chief executive officer now owns 349,612 shares in the company, valued at $14,064,890.76. This purchase disclosure can be found here. Company insiders own 0.13% of the company’s shares.
Hedge funds and other institutional investors have recently modified their business holdings. Lindbrook Capital LLC boosted its stake in shares of OneMain by 66.3% in the 1st quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Geneos Wealth Management Inc. grew its position in OneMain by 129.0% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock valued at $33,000 after buying an additional 400 shares in the last quarter. AGF Investments LLC purchased a new stake in shares of OneMain during the first quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of OneMain by 198.6% during the fourth quarter. Nevada Inc. after purchasing an additional 580 shares during the last quarter. Whittier Trust Co. of now owns 872 shares of the financial services provider’s stock worth $44,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of OneMain during the 4th quarter valued at $50,000. 84.43% of shares are owned by hedge funds and other institutional investors.
OneMain Company Profile (get rating)
OneMain Holdings, Inc, a financial services holding company, is engaged in consumer finance and insurance businesses. The Company originates, underwrites and services personal loans secured by automobiles, other title collateral or unsecured. The company also offers credit insurance products that include life, disability and involuntary unemployment insurance; optional non-credit insurance; Asset protection coverage guaranteed as a waived product or insurance; and membership schemes.
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