OneMain Holdings Inc. (OMF) Shares Down 2.5%
Shares of OneMain Holdings Inc. (NYSE:OMF) were down 2.5% during trading on Thursday . The stock traded as low as $29.32 and last traded at $30.25, with a volume of 273,608 shares trading hands. The stock had previously closed at $31.01.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded OneMain Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Barclays PLC restated an “overweight” rating and issued a $36.00 price target on shares of OneMain Holdings in a research note on Friday, July 15th. Finally, Jefferies Group restated a “buy” rating and issued a $40.00 price target on shares of OneMain Holdings in a research note on Sunday, July 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.88.
The company’s market cap is $4.05 billion. The firm’s 50-day moving average is $28.96 and its 200-day moving average is $27.53.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. During the same period in the prior year, the company earned $0.38 EPS. Analysts anticipate that OneMain Holdings Inc. will post $4.28 EPS for the current fiscal year.
A hedge fund recently bought a new stake in OneMain Holdings stock. American International Group Inc. acquired a new position in OneMain Holdings Inc. (NYSE:OMF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,181,619 shares of the company’s stock, valued at approximately $173,704,000. American International Group Inc. owned 3.11% of OneMain Holdings at the end of the most recent reporting period.
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc (SHI), is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing, and Real Estate.
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