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Investing.com - RBC Capital has reiterated its Outperform rating and $68.00 price target on OneMain Holdings (NYSE:OMF), a financial services company that has delivered a strong 29.6% return over the past six months. According to InvestingPro data, the stock appears fairly valued, while offering an attractive 6.87% dividend yield.
The financial services firm’s analysis focused on OneMain’s OMFIT ABS trusts’ delinquency rates for the month of August, specifically examining the 30-89 day delinquency category.
According to RBC Capital’s findings, OneMain’s 30-89 day delinquencies increased by 2 basis points month-over-month when measured on a percentage change in number of loans basis.
This 2 basis point increase aligns with the pre-pandemic seasonal average for August, which also typically showed a 2 basis point increase month-over-month in this delinquency category.
RBC Capital concluded that OneMain’s August delinquency data was consistent with historical trends, supporting the firm’s maintained Outperform rating and unchanged $68.00 price target.
In other recent news, OneMain Holdings reported strong financial results for the second quarter of 2025, with earnings per share (EPS) of $1.45. This exceeded analysts’ expectations of $1.23, marking a 17.89% surprise. Revenue for the quarter was slightly below forecasts, coming in at $1.2 billion compared to the anticipated $1.21 billion. Additionally, OneMain Holdings announced the issuance of $750 million in 6.125% senior notes due in 2030 through its subsidiary, OneMain Finance Corporation. These notes are senior unsecured obligations and will mature on May 15, 2030, with semiannual interest payments starting in 2025. In terms of analyst ratings, JMP analyst David Scharf reiterated a Market Outperform rating for OneMain, setting a price target of $65.00, influenced by the company’s credit outperformance. Meanwhile, Wells Fargo initiated coverage on OneMain with an Equal Weight rating and a price target of $60.00, citing concerns about non-prime credit in a challenging macroeconomic environment. These developments highlight the recent activity surrounding OneMain Holdings.
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