OneMain Holdings Inc. (NYSE:OMF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage presently has a $35.00 target price on the stock. Zacks Investment Research’s target price would suggest a potential upside of 13.67% from the stock’s previous close.

According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “

Several other analysts also recently commented on OMF. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of OneMain Holdings in a report on Sunday, July 10th. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a report on Friday, August 5th. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of OneMain Holdings in a report on Monday. Barclays PLC restated an “overweight” rating and set a $36.00 target price on shares of OneMain Holdings in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. began coverage on shares of OneMain Holdings in a report on Monday, September 12th. They set an “overweight” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.20.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

Shares of OneMain Holdings (NYSE:OMF) opened at 30.79 on Tuesday. The company’s market capitalization is $4.15 billion. The company’s 50 day moving average is $30.42 and its 200 day moving average is $28.59. OneMain Holdings has a 12-month low of $18.55 and a 12-month high of $51.39.

OneMain Holdings (NYSE:OMF) last announced 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 positive return on equity of 17.89% and a negative net margin of 1.70%. During the same quarter last year, the company earned $0.38 EPS. Analysts expect that OneMain Holdings will post $4.25 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC increased its position 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 worth $2,285,000 after buying an additional 69,700 shares during the last quarter. Williams Jones & Associates LLC purchased a new position in shares of OneMain Holdings during the first quarter worth $578,000. Wellington Management Group LLP increased its position 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 worth $320,278,000 after buying an additional 2,451,066 shares during the last quarter. Quadrature Capital Ltd increased its position 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 worth $460,000 after buying an additional 5,079 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 worth $1,533,000 after buying an additional 42,466 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

OneMain Holdings Company Profile

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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