OneMain Holdings Inc (NYSE:OMF) – Analysts at Jefferies Group cut their Q1 2018 earnings per share estimates for OneMain in a research note issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings of $1.16 per share for the quarter, down from their prior estimate of $1.18. Jefferies Group has a “Buy” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for OneMain’s Q3 2018 earnings at $1.19 EPS.
A number of other research analysts have also commented on OMF. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, January 31st. Barclays reiterated a “hold” rating and issued a $35.00 price target on shares of OneMain in a research note on Wednesday, December 13th. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, January 4th. Finally, Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.58.
OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The company had revenue of $799.00 million for the quarter, compared to analyst estimates of $798.70 million. During the same period in the previous year, the business earned $0.80 EPS. OneMain’s revenue for the quarter was up 11.9% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of OneMain during the 3rd quarter worth approximately $119,000. JPMorgan Chase & Co. lifted its holdings in shares of OneMain by 103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of OneMain during the 2nd quarter worth approximately $132,000. State of Alaska Department of Revenue bought a new stake in shares of OneMain during the 4th quarter worth approximately $142,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of OneMain during the 4th quarter worth approximately $164,000. 94.34% of the stock is owned by institutional investors.
In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 57.73% of the company’s stock.
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OneMain 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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