Shares of OneMain Holdings, Inc. (NYSE:OMF) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.40.
Several equities research analysts have recently issued reports on OMF shares. Compass Point lowered OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Friday, November 3rd. Northland Securities reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Bank of America Corporation set a $35.00 price objective on OneMain and gave the company a “buy” rating in a research note on Friday, October 13th.
In related news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 57.73% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in OneMain during the 3rd quarter valued at $119,000. JPMorgan Chase & Co. raised its position in OneMain by 103.0% during the 2nd 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 stake in OneMain during the 2nd quarter valued at $132,000. Pacer Advisors Inc. raised its position in OneMain by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 779 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in OneMain during the 3rd quarter valued at $206,000. 96.59% of the stock is owned by institutional investors and hedge funds.
OneMain (NYSE:OMF) traded down $0.30 during midday trading on Monday, reaching $24.57. The company’s stock had a trading volume of 366,500 shares, compared to its average volume of 632,165. The stock has a market cap of $3,324.47, a PE ratio of 7.49, a PEG ratio of 1.40 and a beta of 2.87. OneMain has a fifty-two week low of $19.38 and a fifty-two week high of $33.39.
OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.14). The firm had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. equities analysts forecast that OneMain will post 3.52 EPS for the current fiscal year.
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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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