Jefferies Group LLC Reaffirms “Buy” Rating for OneMain Holdings, Inc. (NYSE:OMF)
Jefferies Group LLC reissued their buy rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a research report released on Wednesday. The brokerage currently has a $39.00 price objective on the financial services provider’s stock, up from their previous price objective of $30.00. Jefferies Group also issued estimates for OneMain Holdings’ Q3 2017 earnings at $1.01 EPS, Q4 2017 earnings at $1.18 EPS, FY2017 earnings at $3.76 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $0.90 EPS and FY2018 earnings at $4.35 EPS.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered OneMain Holdings from a hold rating to a sell rating in a report on Friday, May 5th. ValuEngine upgraded OneMain Holdings from a buy rating to a strong-buy rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a hold rating and set a $28.00 price target on shares of OneMain Holdings in a research report on Thursday, May 25th. Bank of America Corporation raised OneMain Holdings from an underperform rating to a buy rating and boosted their price target for the stock from $23.00 to $28.00 in a research report on Thursday, May 11th. Finally, BMO Capital Markets reissued a buy rating and set a $30.00 price target on shares of OneMain Holdings in a research report on Tuesday, April 11th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. OneMain Holdings currently has an average rating of Hold and a consensus price target of $29.06.
OneMain Holdings (OMF) traded up 0.93% during mid-day trading on Wednesday, reaching $27.09. The company’s stock had a trading volume of 349,551 shares. The company has a 50 day moving average of $25.86 and a 200-day moving average of $24.81. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $32.28. The stock has a market cap of $3.67 billion, a PE ratio of 29.10 and a beta of 2.85.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.08. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The company had revenue of $569 million for the quarter, compared to the consensus estimate of $631.92 million. During the same quarter in the previous year, the company posted $0.96 EPS. Equities analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of OMF. First Trust Advisors LP increased its position in OneMain Holdings by 233.5% in the first quarter. First Trust Advisors LP now owns 664,101 shares of the financial services provider’s stock valued at $16,503,000 after buying an additional 465,000 shares during the last quarter. SignalPoint Asset Management LLC increased its position in OneMain Holdings by 6.6% in the first quarter. SignalPoint Asset Management LLC now owns 19,593 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,212 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in OneMain Holdings during the first quarter valued at approximately $22,362,000. Wells Fargo & Company MN increased its position in OneMain Holdings by 31.2% in the first quarter. Wells Fargo & Company MN now owns 40,532 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 9,635 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in OneMain Holdings by 153.8% in the first quarter. Russell Investments Group Ltd. now owns 56,521 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 34,247 shares during the last quarter. 95.31% of the stock is currently owned by institutional investors.
OneMain Holdings Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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