OneMain Holdings, Inc. (OMF) Given Average Rating of “Hold” by Brokerages
Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.60.
Several research firms recently commented on OMF. ValuEngine lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Northland Securities reiterated a “hold” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research report on Friday, August 4th.
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A number of large investors have recently added to or reduced their stakes in the business. Phocas Financial Corp. lifted its holdings in OneMain Holdings by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 8,330 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in OneMain Holdings by 35.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 4,650 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in OneMain Holdings in the 2nd quarter valued at about $917,000. Cubist Systematic Strategies LLC purchased a new position in OneMain Holdings in the 2nd quarter valued at about $132,000. Finally, Point72 Europe London LLP purchased a new position in OneMain Holdings in the 2nd quarter valued at about $3,015,000. Institutional investors own 95.68% of the company’s stock.
OneMain Holdings (NYSE OMF) traded up 1.53% during trading on Wednesday, hitting $27.96. 415,340 shares of the stock traded hands. The company’s 50 day moving average price is $27.00 and its 200-day moving average price is $25.10. The stock has a market cap of $3.78 billion, a P/E ratio of 30.03 and a beta of 2.85. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $31.84.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 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 business had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $631.92 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Equities research analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current fiscal year.
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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