OneMain Holdings Inc. (NYSE:OMF) Receives Consensus Rating of “Buy” from Analysts
OneMain Holdings Inc. (NYSE:OMF) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $38.86.
OMF has been the topic of several recent analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of OneMain Holdings in a report on Friday, August 5th. Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a report on Sunday, July 10th. JPMorgan Chase & Co. initiated coverage on OneMain Holdings in a report on Monday, September 12th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 15th. Finally, Barclays PLC reissued an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a report on Friday, July 15th.
OneMain Holdings (NYSE:OMF) traded up 2.16% during trading on Wednesday, hitting $31.74. The company’s stock had a trading volume of 317,793 shares. The company has a 50-day moving average of $30.21 and a 200 day moving average of $28.48. The firm’s market cap is $4.28 billion. OneMain Holdings has a one year low of $18.55 and a one year high of $51.39.
OneMain Holdings (NYSE:OMF) last posted its earnings results on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same period in the previous year, the business posted $0.38 earnings per share. On average, equities analysts forecast that OneMain Holdings will post $4.25 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. A.R.T. Advisors LLC increased its stake in shares of OneMain Holdings by 511.0% in the first quarter. A.R.T. Advisors LLC now owns 83,339 shares of the company’s stock valued at $2,285,000 after buying an additional 69,700 shares during the period. Williams Jones & Associates LLC purchased a new stake in shares of OneMain Holdings during the first quarter worth approximately $578,000. Wellington Management Group LLP increased its stake in shares of OneMain Holdings by 26.6% in the first quarter. Wellington Management Group LLP now owns 11,676,187 shares of the company’s stock worth $320,278,000 after buying an additional 2,451,066 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of OneMain Holdings by 43.6% in the first quarter. Quadrature Capital Ltd now owns 16,732 shares of the company’s stock worth $460,000 after buying an additional 5,079 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of OneMain Holdings by 316.2% in the first quarter. JPMorgan Chase & Co. now owns 55,894 shares of the company’s stock worth $1,533,000 after buying an additional 42,466 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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