OneMain Holdings Inc. (OMF) Shares Down 2.5%
Shares of OneMain Holdings Inc. (NYSE:OMF) traded down 2.5% during mid-day trading on Thursday . The stock traded as low as $29.32 and last traded at $30.25, with a volume of 273,608 shares. The stock had previously closed at $31.01.
Several research firms have weighed in on OMF. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a research report on Saturday, June 4th. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price objective on shares of OneMain Holdings in a research report on Friday, July 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. OneMain Holdings has a consensus rating of “Buy” and an average price target of $39.88.
The firm’s market capitalization is $4.09 billion. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $27.57.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. During the same period in the prior year, the firm earned $0.38 EPS. Equities research analysts predict that OneMain Holdings Inc. will post $4.28 EPS for the current fiscal year.
An institutional investor recently bought a new position in OneMain Holdings stock. Wells Fargo & Company MN acquired a new position in OneMain Holdings Inc. (NYSE:OMF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 221,989 shares of the company’s stock, valued at approximately $9,221,000. Wells Fargo & Company MN owned approximately 0.17% 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.