OneMain Holdings, Inc. (OMF) Rating Reiterated by Northland Securities

Northland Securities reaffirmed their hold rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a research note published on Friday morning. Northland Securities currently has a $30.00 target price on the financial services provider’s stock.

A number of other research analysts have also recently weighed in on OMF. Zacks Investment Research cut shares of OneMain Holdings from a buy rating to a hold rating in a research note on Saturday. ValuEngine cut shares of OneMain Holdings from a strong-buy rating to a buy rating in a research note on Friday, July 14th. Barclays PLC boosted their target price on shares of OneMain Holdings from $25.00 to $30.00 and gave the company an equal weight rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a hold rating and issued a $28.00 target price on shares of OneMain Holdings in a research note on Friday, July 14th. Finally, DA Davidson reiterated a buy rating and issued a $31.00 target price on shares of OneMain Holdings in a research note on Tuesday, July 18th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $28.53.

Shares of OneMain Holdings (NYSE:OMF) remained flat at $27.06 during midday trading on Friday. The company had a trading volume of 566,248 shares. The company has a 50 day moving average price of $24.94 and a 200-day moving average price of $24.59. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 29.07 and a beta of 2.85. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $32.28.

OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.08. The company had revenue of $569 million during the quarter, compared to analysts’ expectations of $631.92 million. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.40%. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities analysts expect that OneMain Holdings will post $3.78 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by [[site]] and is owned by of [[site]]. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at [[permalink]].

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock valued at $161,000 after buying an additional 204 shares in the last quarter. FNY Partners Fund LP purchased a new stake in OneMain Holdings during the first quarter valued at about $186,000. Rafferty Asset Management LLC purchased a new stake in OneMain Holdings during the first quarter valued at about $238,000. Nationwide Fund Advisors boosted its stake in OneMain Holdings by 23.3% in the first quarter. Nationwide Fund Advisors now owns 9,986 shares of the financial services provider’s stock valued at $248,000 after buying an additional 1,886 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in OneMain Holdings during the first quarter valued at about $259,000. Institutional investors own 95.30% of the company’s stock.

About OneMain Holdings

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.