Zacks Investment Research Lowers OneMain Holdings, Inc. (OMF) to Sell
Zacks Investment Research cut shares of OneMain Holdings, Inc. (NYSE:OMF) from a hold rating to a sell rating in a research note published on Thursday.
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. “
Several other equities analysts have also recently weighed in on the stock. ValuEngine raised shares of OneMain Holdings from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Jefferies Group LLC reissued a buy rating and issued a $30.00 target price on shares of OneMain Holdings in a research note on Friday, July 14th. DA Davidson reissued a buy rating and issued a $31.00 target price on shares of OneMain Holdings in a research note on Tuesday, July 18th. Stephens raised shares of OneMain Holdings from an equal weight rating to an overweight rating and raised their target price for the company from $29.00 to $35.00 in a research note on Wednesday, August 23rd. Finally, Barclays PLC set a $30.00 target price on shares of OneMain Holdings and gave the company a hold rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $29.53.
Shares of OneMain Holdings (NYSE OMF) opened at 28.88 on Thursday. The company has a market capitalization of $3.91 billion, a P/E ratio of 31.02 and a beta of 2.84. The company’s 50 day moving average is $27.52 and its 200 day moving average is $25.27. OneMain Holdings has a 12-month low of $16.03 and a 12-month high of $31.69.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.08). OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The firm had revenue of $569.00 million during the quarter, compared to the consensus estimate of $631.92 million. During the same period in the prior year, the business posted $0.96 earnings per share. Analysts expect that OneMain Holdings will post $3.76 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in OMF. FMR LLC boosted its position in OneMain Holdings by 7.9% during the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after purchasing an additional 789,858 shares during the period. Gruss Capital Management LP bought a new position in OneMain Holdings during the second quarter worth $17,483,000. Dimensional Fund Advisors LP boosted its position in OneMain Holdings by 77.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares during the period. American Century Companies Inc. boosted its position in OneMain Holdings by 73.5% during the second quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after purchasing an additional 277,433 shares during the period. Finally, Vanguard Group Inc. boosted its position in OneMain Holdings by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock worth $105,091,000 after purchasing an additional 191,932 shares during the period. 95.68% of the stock is owned by hedge funds and other 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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