OneMain Holdings Inc. (NYSE:OMF) Receives $38.86 Consensus Target Price from Brokerages
Shares of OneMain Holdings Inc. (NYSE:OMF) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the firm. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $38.86.
Several brokerages have recently commented on OMF. JPMorgan Chase & Co. began coverage on shares of OneMain Holdings in a research report on Monday, September 12th. They issued an “overweight” rating and a $38.00 target price for the company. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. Barclays PLC restated an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a research report on Friday, July 15th. Zacks Investment Research upgraded shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Finally, Jefferies Group reiterated a “buy” rating and set a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th.
A number of large investors have recently bought and sold shares of the company. Aperio Group LLC acquired a new stake in OneMain Holdings during the first quarter worth $574,000. Virginia Retirement System acquired a new stake in OneMain Holdings during the first quarter worth $551,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in OneMain Holdings during the first quarter worth $2,151,000. Prudential Financial Inc. raised its stake in OneMain Holdings by 110.1% in the first quarter. Prudential Financial Inc. now owns 140,630 shares of the company’s stock worth $3,857,000 after buying an additional 73,700 shares during the last quarter. Finally, BlackRock Inc. raised its stake in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock worth $350,000 after buying an additional 11,246 shares during the last quarter. 99.17% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Holdings (NYSE:OMF) opened at 31.01 on Wednesday. OneMain Holdings has a 52 week low of $18.55 and a 52 week high of $51.39. The company’s market capitalization is $4.18 billion. The firm has a 50-day moving average of $30.37 and a 200-day moving average of $28.54.
OneMain Holdings (NYSE:OMF) last issued its earnings results on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same quarter last year, the firm earned $0.38 earnings per share. Equities analysts expect that OneMain Holdings will post $4.25 earnings per share for the current fiscal year.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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