OneMain (OMF) to Release Quarterly Earnings on Wednesday

OneMain (NYSE:OMFGet Free Report) is set to announce its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

OneMain Price Performance

Shares of OneMain stock opened at $48.93 on Wednesday. OneMain has a one year low of $32.79 and a one year high of $50.02. The stock’s 50-day moving average is $46.44 and its 200 day moving average is $42.54. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.28 and a beta of 1.71.

Institutional Trading of OneMain

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of OneMain by 43.2% in the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock valued at $9,500,000 after purchasing an additional 60,428 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in OneMain by 106.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock worth $635,000 after buying an additional 6,898 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in OneMain during the first quarter worth about $534,000. Bank of Montreal Can grew its position in OneMain by 72.6% during the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 20,646 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in OneMain during the first quarter worth about $104,000. 79.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMF has been the topic of a number of research reports. Barclays initiated coverage on OneMain in a research note on Wednesday, November 15th. They set an “overweight” rating and a $51.00 price target on the stock. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Citigroup lowered their price objective on OneMain from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 6th. Piper Sandler lowered their price objective on OneMain from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Finally, Wells Fargo & Company increased their price objective on OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.43.

Read Our Latest Analysis on OneMain

About OneMain

(Get Free Report)

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

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Earnings History for OneMain (NYSE:OMF)

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