OneMain (OMF) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of OneMain (NYSE:OMF) from a neutral rating to an underweight rating in a research report report published on Friday morning, MarketBeat Ratings reports. The firm currently has $25.00 target price on the financial services provider’s stock.

A number of other research firms also recently weighed in on OMF. Jefferies Group reiterated a buy rating and set a $48.00 target price on shares of OneMain in a research report on Thursday, January 11th. Citigroup initiated coverage on OneMain in a research report on Monday, October 16th. They set a neutral rating and a $35.00 price objective for the company. Compass Point upgraded OneMain from a neutral rating to a buy rating in a research report on Thursday, January 4th. Barclays restated a hold rating and set a $35.00 price objective on shares of OneMain in a research report on Wednesday, December 13th. Finally, Bank of America upgraded OneMain from a neutral rating to a buy rating and set a $41.00 price objective for the company in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $34.00.

Shares of OneMain (OMF) opened at $34.08 on Friday. The firm has a market capitalization of $4,612.71, a price-to-earnings ratio of 27.05, a PEG ratio of 1.56 and a beta of 2.72. OneMain has a 1 year low of $21.56 and a 1 year high of $35.11.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The company had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. equities analysts expect that OneMain will post 3.52 EPS for the current year.

In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,500,000 shares of company stock valued at $474,250,000. Insiders own 57.73% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Phocas Financial Corp. increased its stake in shares of OneMain by 4.5% in the second 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 period. Tributary Capital Management LLC acquired a new stake in shares of OneMain in the third quarter valued at about $1,068,000. Prudential Financial Inc. acquired a new stake in shares of OneMain in the third quarter valued at about $583,000. HL Financial Services LLC increased its stake in shares of OneMain by 65.4% in the third quarter. HL Financial Services LLC now owns 55,400 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 21,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of OneMain by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock valued at $37,971,000 after buying an additional 676,203 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

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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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