OneMain (NYSE:OMF) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other research firms also recently weighed in on OMF. JMP Securities cut their price objective on OneMain from $55.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Barclays lifted their target price on OneMain from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. BMO Capital Markets cut their target price on OneMain from $27.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Wedbush cut their target price on OneMain from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Zacks Investment Research downgraded OneMain from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.39.

NYSE OMF opened at $24.13 on Thursday. OneMain has a twelve month low of $12.21 and a twelve month high of $48.92. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 4.25 and a beta of 2.40. The business’s fifty day moving average is $24.78 and its 200 day moving average is $31.41.

OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($1.22). OneMain had a net margin of 16.55% and a return on equity of 19.85%. The firm had revenue of $851.00 million for the quarter, compared to analyst estimates of $831.55 million. During the same period last year, the business earned $1.37 EPS. Equities research analysts anticipate that OneMain will post 1.63 EPS for the current year.

In other OneMain news, CFO Micah R. Conrad acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $18.86 per share, with a total value of $47,150.00. Following the purchase, the chief financial officer now directly owns 25,299 shares of the company’s stock, valued at $477,139.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.45% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new position in shares of OneMain in the 4th quarter valued at about $249,000. 361 Capital LLC bought a new stake in OneMain in the 4th quarter valued at about $1,288,000. Arden Trust Co increased its position in OneMain by 16.9% in the 1st quarter. Arden Trust Co now owns 17,056 shares of the financial services provider’s stock valued at $326,000 after buying an additional 2,463 shares in the last quarter. Nuveen Asset Management LLC increased its position in OneMain by 82.9% in the 1st quarter. Nuveen Asset Management LLC now owns 1,093,560 shares of the financial services provider’s stock valued at $20,909,000 after buying an additional 495,681 shares in the last quarter. Finally, AlphaCrest Capital Management LLC increased its position in OneMain by 209.1% in the 1st quarter. AlphaCrest Capital Management LLC now owns 52,600 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 35,583 shares in the last quarter. 83.77% of the stock is currently owned by institutional investors.

About OneMain

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

See Also: Net Margin

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Analyst Recommendations for OneMain (NYSE:OMF)

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