Stock analysts at Wedbush initiated coverage on shares of OneMain Holdings Inc. (NYSE:OMF) in a report issued on Monday. The brokerage set an “outperform” rating and a $45.00 price target on the stock. Wedbush’s target price indicates a potential upside of 46.15% from the company’s previous close.

OMF has been the subject of several other reports. Barclays PLC reiterated an “overweight” rating and set a $36.00 price objective on shares of OneMain Holdings in a research report on Friday, July 15th. Zacks Investment Research downgraded OneMain Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. JPMorgan Chase & Co. began coverage on OneMain Holdings in a research report on Monday, September 12th. They issued an “overweight” rating and a $38.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a research report on Sunday, July 10th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. OneMain Holdings has a consensus rating of “Buy” and a consensus price target of $40.20.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

OneMain Holdings (NYSE:OMF) traded down 1.30% during midday trading on Monday, hitting $30.39. The stock had a trading volume of 157,122 shares. The stock’s market cap is $4.10 billion. The firm has a 50 day moving average price of $30.42 and a 200 day moving average price of $28.59. OneMain Holdings has a one year low of $18.55 and a one year high of $51.39.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. OneMain Holdings had a positive return on equity of 17.89% and a negative net margin of 1.70%. During the same period last year, the company earned $0.38 EPS. Equities analysts expect that OneMain Holdings will post $4.25 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC increased its stake in shares of OneMain Holdings by 511.0% in the first quarter. A.R.T. Advisors LLC now owns 83,339 shares of the company’s stock valued at $2,285,000 after buying an additional 69,700 shares during the period. Williams Jones & Associates LLC purchased a new stake in shares of OneMain Holdings during the first quarter valued at about $578,000. Wellington Management Group LLP increased its stake in shares of OneMain Holdings by 26.6% in the first quarter. Wellington Management Group LLP now owns 11,676,187 shares of the company’s stock valued at $320,278,000 after buying an additional 2,451,066 shares during the period. Quadrature Capital Ltd increased its stake in shares of OneMain Holdings by 43.6% in the first quarter. Quadrature Capital Ltd now owns 16,732 shares of the company’s stock valued at $460,000 after buying an additional 5,079 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of OneMain Holdings by 316.2% in the first quarter. JPMorgan Chase & Co. now owns 55,894 shares of the company’s stock valued at $1,533,000 after buying an additional 42,466 shares during the period. 99.17% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:OMF

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