OneMain Holdings Inc. (OMF) Receives Average Rating of “Hold” from Brokerages
Shares of OneMain Holdings Inc. (NYSE:OMF) have earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.93.
Several equities research analysts have issued reports on the stock. Bank of America Corp. downgraded shares of OneMain Holdings from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $21.00 in a research report on Tuesday, November 8th. Stephens set a $27.00 price objective on shares of OneMain Holdings and gave the stock a “hold” rating in a research report on Tuesday, November 8th. Zacks Investment Research downgraded shares of OneMain Holdings from a “hold” rating to a “strong sell” rating in a research report on Friday. JPMorgan Chase & Co. assumed 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. Finally, Citigroup Inc. cut shares of OneMain Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $34.00 to $21.00 in a report on Tuesday, November 8th.
In related news, insider Jay N. Levine bought 50,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were purchased at an average price of $18.37 per share, for a total transaction of $918,500.00. Following the completion of the transaction, the insider now directly owns 3,080,000 shares of the company’s stock, valued at approximately $56,579,600. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 57.81% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its stake in shares of 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 in the last quarter. BlackRock Inc. raised its stake in shares of 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 in the last quarter. BlackRock Group LTD raised its stake in shares of OneMain Holdings by 88.5% in the first quarter. BlackRock Group LTD now owns 56,761 shares of the company’s stock worth $1,558,000 after buying an additional 26,647 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of OneMain Holdings by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,237,791 shares of the company’s stock worth $33,953,000 after buying an additional 15,348 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 worth $1,533,000 after buying an additional 42,466 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.
OneMain Holdings (NYSE:OMF) opened at 19.40 on Wednesday. The firm’s market capitalization is $2.61 billion. The stock has a 50 day moving average price of $28.45 and a 200 day moving average price of $28.55. OneMain Holdings has a one year low of $16.03 and a one year high of $50.02.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data 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 19.47% and a negative net margin of 0.44%. During the same quarter last year, the company earned $0.36 EPS. On average, equities analysts predict that OneMain Holdings will post $3.83 EPS 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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