Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the stock, Marketbeat Ratings 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 brokers that have issued a report on the stock in the last year is $32.40.
Several analysts have recently commented on the stock. Bank of America Corporation downgraded shares of OneMain from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BMO Capital Markets reiterated a “buy” rating on shares of OneMain in a report on Monday, November 6th. Northland Securities reiterated a “hold” rating and issued a $35.00 target price on shares of OneMain in a report on Friday, November 3rd. Finally, Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Friday, November 3rd.
Shares of OneMain (NYSE OMF) traded down $0.30 during mid-day trading on Monday, hitting $24.57. 366,500 shares of the stock traded hands, compared to its average volume of 632,165. The stock has a market capitalization of $3,324.47, a P/E ratio of 7.49, a P/E/G ratio of 1.40 and a beta of 2.87. OneMain has a 52 week low of $19.38 and a 52 week high of $33.39.
OneMain (NYSE:OMF) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The firm had revenue of $808.00 million during 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. analysts forecast that OneMain will post 3.52 EPS for the current year.
In related news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 57.73% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Utah Retirement Systems increased its stake in shares of OneMain by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of OneMain by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 334 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of OneMain by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 506 shares in the last quarter. Stifel Financial Corp increased its stake in shares of OneMain by 5.1% in the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 547 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of OneMain by 12.0% in the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 96.59% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “OneMain Holdings, Inc. (OMF) Receives Average Recommendation of “Hold” from Analysts” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://ledgergazette.com/2017/12/06/onemain-holdings-inc-omf-receives-average-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.