Jefferies Group LLC reaffirmed their buy rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a report published on Friday morning. Jefferies Group LLC currently has a $30.00 target price on the financial services provider’s stock.
Several other brokerages also recently commented on OMF. Zacks Investment Research downgraded shares of OneMain Holdings from a buy rating to a hold rating in a research note on Thursday, July 13th. ValuEngine raised shares of OneMain Holdings from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. BMO Capital Markets reaffirmed a buy rating and set a $30.00 price objective on shares of OneMain Holdings in a research note on Tuesday, April 11th. Bank of America Corporation raised shares of OneMain Holdings from an underperform rating to a buy rating and upped their price objective for the company from $23.00 to $28.00 in a research note on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $28.00 price objective on shares of OneMain Holdings in a research note on Thursday, May 25th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. OneMain Holdings presently has an average rating of Hold and an average target price of $27.88.
Shares of OneMain Holdings (NYSE OMF) traded up 0.97% during mid-day trading on Friday, reaching $25.99. The company’s stock had a trading volume of 549,774 shares. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 31.58 and a beta of 2.84. The company’s 50-day moving average is $23.22 and its 200 day moving average is $24.10. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $32.28.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $698 million during the quarter, compared to the consensus estimate of $773.82 million. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that OneMain Holdings will post $3.79 EPS for the current year.
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A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after buying an additional 204 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of OneMain Holdings by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock worth $323,000 after buying an additional 334 shares during the period. AQR Capital Management LLC boosted its stake in shares of OneMain Holdings by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock worth $1,306,000 after buying an additional 506 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of OneMain Holdings by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,237 shares of the financial services provider’s stock worth $1,511,000 after buying an additional 856 shares during the period. Finally, Fox Run Management L.L.C. boosted its stake in shares of OneMain Holdings by 5.3% in the first quarter. Fox Run Management L.L.C. now owns 19,895 shares of the financial services provider’s stock worth $494,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.
OneMain Holdings Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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