OneMain Holdings Inc. (NYSE:OMF) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday.

Several other research analysts have also issued reports on the stock. Janney Montgomery Scott lowered shares of OneMain Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $65.00 to $30.00 in a research note on Tuesday. Guggenheim lowered shares of OneMain Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $25.00 in a research note on Tuesday. Keefe, Bruyette & Woods lowered shares of OneMain Holdings from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $41.00 to $24.00 in a research note on Tuesday. Bank of America Corp. downgraded shares of OneMain Holdings from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $35.00 to $21.00 in a report on Tuesday. Finally, FBR & Co downgraded shares of OneMain Holdings from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $40.00 to $26.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. OneMain Holdings presently has an average rating of “Hold” and an average price target of $32.20.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

Shares of OneMain Holdings (NYSE:OMF) opened at 17.44 on Tuesday. OneMain Holdings has a one year low of $16.03 and a one year high of $51.39. The company’s market cap is $2.35 billion. The company’s 50 day moving average is $29.10 and its 200 day moving average is $28.71.

OneMain Holdings (NYSE:OMF) last issued its earnings results on Monday, November 7th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.17. OneMain Holdings had a positive return on equity of 19.80% and a negative net margin of 0.44%. During the same quarter in the prior year, the business earned $0.36 EPS. On average, equities analysts predict that OneMain Holdings will post $4.23 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of OMF. PNC Financial Services Group Inc. increased its stake in OneMain Holdings by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,291 shares of the company’s stock worth $288,000 after buying an additional 57 shares during the period. Utah Retirement Systems increased its stake in OneMain Holdings by 3.2% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the company’s stock worth $219,000 after buying an additional 300 shares during the period. BlackRock Inc. increased its stake in OneMain Holdings by 3.2% in the third quarter. BlackRock Inc. now owns 16,544 shares of the company’s stock worth $512,000 after buying an additional 510 shares during the period. BlackRock Investment Management LLC increased its stake in OneMain Holdings by 3.5% in the second quarter. BlackRock Investment Management LLC now owns 26,117 shares of the company’s stock worth $596,000 after buying an additional 890 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in OneMain Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,488 shares of the company’s stock worth $194,000 after buying an additional 1,030 shares during the period. Institutional investors and hedge funds own 99.11% 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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