OneMain Holdings, Inc. (NYSE:OMF) has received a consensus rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.60.
A number of brokerages have issued reports on OMF. ValuEngine lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stephens raised shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $29.00 to $35.00 in a research note on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a research note on Wednesday, August 9th. Northland Securities reaffirmed a “hold” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th.
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Shares of OneMain Holdings (NYSE OMF) traded up 1.36% on Wednesday, hitting $27.61. The company had a trading volume of 276,471 shares. OneMain Holdings has a 12-month low of $16.03 and a 12-month high of $32.28. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 29.66 and a beta of 2.85. The company has a 50 day moving average of $26.88 and a 200-day moving average of $25.11.
OneMain Holdings (NYSE:OMF) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). The company had revenue of $569.00 million for the quarter, compared to analyst estimates of $631.92 million. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. During the same period last year, the business earned $0.96 EPS. On average, analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Phocas Financial Corp. raised its holdings in OneMain Holdings by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock worth $4,733,000 after acquiring an additional 8,330 shares during the period. Public Employees Retirement System of Ohio raised its holdings in OneMain Holdings by 35.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 4,650 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in OneMain Holdings in the 2nd quarter worth $917,000. Cubist Systematic Strategies LLC bought a new position in OneMain Holdings in the 2nd quarter worth $132,000. Finally, Point72 Europe London LLP bought a new position in OneMain Holdings in the 2nd quarter worth $3,015,000. Hedge funds and other institutional investors own 95.68% 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.
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