OneMain Holdings, Inc. (OMF) Upgraded to “Hold” by Zacks Investment Research

OneMain Holdings, Inc. (NYSE:OMF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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 weighed in on OMF. Stephens upgraded shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $35.00 in a report on Wednesday, August 23rd. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. ValuEngine lowered shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. Finally, Northland Securities restated a “hold” rating and issued a $30.00 price objective on shares of OneMain Holdings in a report on Friday, August 4th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. OneMain Holdings presently has an average rating of “Buy” and a consensus target price of $29.53.

OneMain Holdings (NYSE:OMF) opened at 31.79 on Wednesday. The firm has a 50-day moving average of $27.85 and a 200 day moving average of $25.37. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $33.39. The firm has a market capitalization of $4.30 billion, a PE ratio of 34.15 and a beta of 2.84.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data 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 business had revenue of $569.00 million during the quarter, compared to the consensus estimate of $631.92 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities research analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the stock. Phocas Financial Corp. raised its holdings in OneMain Holdings by 4.5% during the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after buying an additional 8,330 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in OneMain Holdings by 35.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after buying an additional 4,650 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in OneMain Holdings during the 2nd quarter valued at $917,000. Cubist Systematic Strategies LLC bought a new stake in OneMain Holdings during the 2nd quarter valued at $132,000. Finally, Point72 Europe London LLP bought a new stake in OneMain Holdings during the 2nd quarter valued at $3,015,000. 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.

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 weighed in on OMF. Stephens upgraded shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $35.00 in a report on Wednesday, August 23rd. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. ValuEngine lowered shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. Finally, Northland Securities restated a “hold” rating and issued a $30.00 price objective on shares of OneMain Holdings in a report on Friday, August 4th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. OneMain Holdings presently has an average rating of “Buy” and a consensus target price of $29.53.

OneMain Holdings (NYSE:OMF) opened at 31.79 on Wednesday. The firm has a 50-day moving average of $27.85 and a 200 day moving average of $25.37. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $33.39. The firm has a market capitalization of $4.30 billion, a PE ratio of 34.15 and a beta of 2.84.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data 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 business had revenue of $569.00 million during the quarter, compared to the consensus estimate of $631.92 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities research analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/onemain-holdings-inc-omf-upgraded-to-hold-by-zacks-investment-research.html.

A number of large investors have recently bought and sold shares of the stock. Phocas Financial Corp. raised its holdings in OneMain Holdings by 4.5% during the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after buying an additional 8,330 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in OneMain Holdings by 35.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after buying an additional 4,650 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in OneMain Holdings during the 2nd quarter valued at $917,000. Cubist Systematic Strategies LLC bought a new stake in OneMain Holdings during the 2nd quarter valued at $132,000. Finally, Point72 Europe London LLP bought a new stake in OneMain Holdings during the 2nd quarter valued at $3,015,000. 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.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

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