OneMain (NYSE:OMF) Given New $50.00 Price Target at BMO Capital Markets

OneMain (NYSE:OMF) had its price target upped by BMO Capital Markets from $48.00 to $50.00 in a research note issued to investors on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays decreased their price target on shares of OneMain from $57.00 to $54.00 and set an overweight rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on OneMain from $51.00 to $52.00 and gave the stock an overweight rating in a research note on Wednesday. Citigroup lowered their price target on OneMain from $54.00 to $52.00 and set a buy rating for the company in a research report on Thursday, February 8th. JMP Securities raised their target price on shares of OneMain from $57.00 to $62.00 and gave the stock a market outperform rating in a report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of OneMain from $50.00 to $55.00 and gave the company an outperform rating in a report on Monday, April 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of Moderate Buy and an average target price of $54.62.

OneMain Stock Performance

Shares of OMF traded up $0.39 during midday trading on Thursday, hitting $51.20. 1,019,451 shares of the company traded hands, compared to its average volume of 1,093,288. OneMain has a 52 week low of $33.67 and a 52 week high of $53.65. The firm has a 50 day moving average of $49.05 and a 200-day moving average of $45.71. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.70 and a beta of 1.63.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter last year, the business posted $1.46 EPS. Sell-side analysts predict that OneMain will post 5.68 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.13%. OneMain’s payout ratio is 81.09%.

Institutional Investors Weigh In On OneMain

A number of institutional investors have recently added to or reduced their stakes in the stock. WBI Investments LLC lifted its position in OneMain by 385.9% during the first quarter. WBI Investments LLC now owns 42,257 shares of the financial services provider’s stock valued at $2,159,000 after acquiring an additional 33,560 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of OneMain during the first quarter worth $383,000. Argent Capital Management LLC lifted its holdings in shares of OneMain by 608.1% during the 1st quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock valued at $25,730,000 after purchasing an additional 432,492 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of OneMain by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,234 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 622 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in OneMain by 557.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,138 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

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.