Zacks Investment Research downgraded shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a research report report published on Thursday morning.
According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “
Several other analysts have also commented on OMF. Barclays reaffirmed a hold rating and set a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. Compass Point raised shares of OneMain from a neutral rating to a buy rating in a research report on Thursday, January 4th. Bank of America raised shares of OneMain from a neutral rating to a buy rating and set a $41.00 price target on the stock in a research report on Thursday, January 4th. Jefferies Group reaffirmed a buy rating and set a $48.00 price target on shares of OneMain in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lowered shares of OneMain from a neutral rating to an underweight rating and set a $25.00 price target on the stock. in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. OneMain has a consensus rating of Hold and an average price target of $34.58.
OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The firm had revenue of $799.00 million for the quarter, compared to analyst estimates of $798.70 million. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. analysts anticipate that OneMain will post 4.91 EPS for the current year.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of OneMain stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 57.73% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of OMF. American Century Companies Inc. increased its holdings in OneMain by 4.5% in the 3rd quarter. American Century Companies Inc. now owns 684,535 shares of the financial services provider’s stock valued at $19,297,000 after purchasing an additional 29,619 shares during the last quarter. Prudential Financial Inc. acquired a new stake in OneMain in the 3rd quarter valued at approximately $583,000. New York State Common Retirement Fund increased its holdings in OneMain by 30.1% in the 3rd quarter. New York State Common Retirement Fund now owns 163,161 shares of the financial services provider’s stock valued at $4,600,000 after purchasing an additional 37,702 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of OneMain by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock worth $5,471,000 after acquiring an additional 9,618 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of OneMain in the third quarter worth $119,000. Hedge funds and other institutional investors own 94.34% of the company’s stock.
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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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