OneMain Holdings, Inc. (OMF) Receives Average Recommendation of “Hold” from Analysts

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.

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About OneMain

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 (NYSE:OMF)

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