OneMain Holdings Inc. (NYSE:OMF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

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. “

Other equities analysts also recently issued research reports about the stock. Jefferies Group reissued a “buy” rating and issued a $30.00 price objective (down previously from $40.00) on shares of OneMain Holdings in a research note on Tuesday, November 8th. Credit Suisse Group AG reissued a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Stephens started coverage on shares of OneMain Holdings in a research note on Tuesday, November 1st. They issued an “equal weight” rating and a $37.00 price objective for the company. Barclays PLC downgraded shares of OneMain Holdings from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $36.00 to $19.00 in a research note on Thursday, November 10th. Finally, Keefe, Bruyette & Woods downgraded shares of OneMain Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $41.00 to $24.00 in a research note on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.75.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

OneMain Holdings (NYSE:OMF) opened at 20.53 on Friday. The company’s market capitalization is $2.77 billion. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $50.02. The stock’s 50 day moving average is $28.45 and its 200-day moving average is $28.55.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.17. OneMain Holdings had a negative net margin of 0.44% and a positive return on equity of 19.47%. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, analysts expect that OneMain Holdings will post $3.83 EPS for the current year.

In related news, EVP John Charles Anderson purchased 20,000 shares of OneMain Holdings stock in a transaction on Thursday, November 10th. The stock was acquired at an average cost of $18.06 per share, for a total transaction of $361,200.00. Following the completion of the acquisition, the executive vice president now owns 1,192,917 shares of the company’s stock, valued at approximately $21,544,081.02. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jay N. Levine purchased 50,000 shares of OneMain Holdings stock in a transaction on Thursday, November 10th. The stock was bought at an average price of $18.37 per share, with a total value of $918,500.00. Following the completion of the acquisition, the insider now directly owns 3,080,000 shares of the company’s stock, valued at approximately $56,579,600. The disclosure for this purchase can be found here. 57.81% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in OneMain Holdings by 45.9% in the second quarter. Alliancebernstein L.P. now owns 7,252,736 shares of the company’s stock worth $165,507,000 after buying an additional 2,280,486 shares during the last quarter. Vanguard Group Inc. boosted its stake in OneMain Holdings by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,706,353 shares of the company’s stock worth $84,579,000 after buying an additional 155,700 shares during the last quarter. Omega Advisors Inc. boosted its stake in OneMain Holdings by 2.1% in the second quarter. Omega Advisors Inc. now owns 3,220,063 shares of the company’s stock worth $73,482,000 after buying an additional 64,984 shares during the last quarter. Key Colony Management LLC boosted its stake in OneMain Holdings by 20.2% in the second quarter. Key Colony Management LLC now owns 1,320,170 shares of the company’s stock worth $30,126,000 after buying an additional 221,798 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in OneMain Holdings by 7.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,309,377 shares of the company’s stock worth $40,525,000 after buying an additional 90,183 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

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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