Zacks Investment Research upgraded shares of OneMain Holdings, Inc. (NYSE:OMF) from a sell rating to a hold rating in a research report report published on Wednesday 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. “
A number of other brokerages have also recently commented on OMF. ValuEngine raised OneMain Holdings from a hold rating to a buy rating in a research note on Monday, October 2nd. Jefferies Group LLC reissued 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 reissued a hold rating and issued a $30.00 price objective on shares of OneMain Holdings in a research note on Friday, August 4th. Barclays PLC set a $30.00 price objective on OneMain Holdings and gave the company a hold rating in a research note on Friday, August 4th. Finally, Stephens raised OneMain Holdings from an equal weight rating to an overweight rating and raised their price objective for the company from $29.00 to $35.00 in a research note on Wednesday, August 23rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. OneMain Holdings currently has a consensus rating of Buy and an average price target of $29.94.
Shares of OneMain Holdings (OMF) opened at 30.71 on Wednesday. The company has a market cap of $4.16 billion, a PE ratio of 32.99 and a beta of 2.84. The firm has a 50-day moving average price of $28.29 and a 200 day moving average price of $25.50. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $33.39.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08). OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The firm had revenue of $569.00 million during the quarter, compared to analyst estimates of $631.92 million. During the same period last year, the business posted $0.96 EPS. On average, equities analysts anticipate that OneMain Holdings will post $3.76 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of OneMain Holdings by 103.0% in the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,200 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of OneMain Holdings in the second quarter valued at approximately $132,000. Pacer Advisors Inc. lifted its holdings in OneMain Holdings by 3.2% during the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 204 shares during the period. FNY Partners Fund LP bought a new stake in OneMain Holdings during the first quarter worth $186,000. Finally, Principal Financial Group Inc. bought a new stake in OneMain Holdings during the second quarter worth $237,000. 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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