OneMain (NYSE:OMF) Stock Gets Price Target Trim from Truist Financial

OneMain (NYSE:OMF) had its price objective decreased by Truist Financial from $71.00 to $70.00 in a report published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

A number of other research firms also recently commented on OMF. Weiss Ratings upgraded OneMain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. TD Cowen decreased their price target on OneMain from $68.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. JPMorgan Chase & Co. raised their price objective on OneMain from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Citizens Jmp raised their price objective on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.82.

OneMain Stock Performance

OMF stock opened at $56.82 on Tuesday. OneMain has a one year low of $45.78 and a one year high of $71.93. The firm has a market cap of $6.50 billion, a PE ratio of 9.11, a PEG ratio of 0.67 and a beta of 1.30. The firm’s 50 day moving average price is $58.54 and its 200-day moving average price is $58.29.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.05). The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. OneMain had a return on equity of 21.90% and a net margin of 13.43%. During the same quarter in the previous year, the company posted $1.90 earnings per share. Equities research analysts predict that OneMain will post 6.59 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 9th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Monday, November 9th. OneMain’s dividend payout ratio (DPR) is 63.93%.

Institutional Trading of OneMain

A number of institutional investors and hedge funds have recently bought and sold shares of OMF. BlackRock Inc. purchased a new stake in shares of OneMain during the second quarter worth approximately $633,893,000. Dimensional Fund Advisors LP raised its holdings in OneMain by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after acquiring an additional 308,370 shares in the last quarter. Janus Henderson Group PLC raised its holdings in OneMain by 7.7% in the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after acquiring an additional 195,591 shares in the last quarter. Jupiter Topco LLC purchased a new position in OneMain in the second quarter worth approximately $166,060,000. Finally, State Street Corp lifted its stake in OneMain by 1.8% in the second quarter. State Street Corp now owns 2,451,937 shares of the financial services provider’s stock worth $149,495,000 after acquiring an additional 42,917 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.