Northland Securities reissued their hold rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a research note released on Friday, November 3rd. The brokerage currently has a $35.00 price objective on the financial services provider’s stock.
Several other brokerages have also issued reports on OMF. Citigroup Inc. began coverage on shares of OneMain Holdings in a research note on Monday, October 16th. They issued a neutral rating and a $35.00 price target on the stock. Bank of America Corporation set a $35.00 price objective on shares of OneMain Holdings and gave the company a buy rating in a research report on Friday, October 13th. ValuEngine raised shares of OneMain Holdings from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of OneMain Holdings from a hold rating to a sell rating in a report on Thursday, October 5th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $30.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. OneMain Holdings presently has a consensus rating of Hold and an average target price of $32.21.
OneMain Holdings (OMF) opened at $24.10 on Friday. OneMain Holdings has a 52 week low of $19.38 and a 52 week high of $33.39. The stock has a market cap of $3,367.77, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.41 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain Holdings had a return on equity of 14.15% and a net margin of 4.85%. The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. During the same quarter last year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. equities analysts predict that OneMain Holdings will post 3.52 EPS for the current fiscal year.
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In other OneMain Holdings news, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 57.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of OMF. Nationwide Fund Advisors boosted its stake in OneMain Holdings by 23.3% during the first quarter. Nationwide Fund Advisors now owns 9,986 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 1,886 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in OneMain Holdings by 15.1% during the first quarter. Bank of New York Mellon Corp now owns 189,526 shares of the financial services provider’s stock worth $4,710,000 after acquiring an additional 24,803 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in OneMain Holdings by 33.2% during the first quarter. UBS Asset Management Americas Inc. now owns 38,799 shares of the financial services provider’s stock worth $964,000 after buying an additional 9,680 shares during the last quarter. Legal & General Group Plc raised its holdings in OneMain Holdings by 126.5% during the first quarter. Legal & General Group Plc now owns 25,484 shares of the financial services provider’s stock worth $633,000 after buying an additional 14,232 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 buying an additional 191,932 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.
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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