OneMain Holdings’ (OMF) “Neutral” Rating Reaffirmed at Wedbush
OneMain Holdings Inc. (NYSE:OMF)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report released on Thursday. They currently have a $22.75 price objective on the stock, down from their prior price objective of $30.00. Wedbush’s target price points to a potential upside of 11.68% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $30.00 price objective (down from $40.00) on shares of OneMain Holdings in a research report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Stephens began coverage on shares of OneMain Holdings in a research note on Tuesday, November 1st. They issued an “equal weight” rating and a $37.00 target price for the company. Barclays PLC cut shares of OneMain Holdings from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $36.00 to $19.00 in a research note on Thursday, November 10th. Finally, Zacks Investment Research cut shares of OneMain Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. OneMain Holdings has an average rating of “Hold” and a consensus target price of $29.30.
OneMain Holdings (NYSE:OMF) opened at 20.37 on Thursday. The firm’s 50-day moving average is $25.31 and its 200 day moving average is $27.67. OneMain Holdings has a one year low of $16.03 and a one year high of $49.56. The firm’s market capitalization is $2.74 billion.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by $0.17. OneMain Holdings had a negative net margin of 0.44% and a positive return on equity of 19.47%. During the same quarter in the previous year, the company earned $0.36 EPS. Analysts forecast that OneMain Holdings will post $3.70 EPS for the current fiscal year.
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In other OneMain Holdings news, Director Anahaita N. Kotval purchased 5,000 shares of the stock in a transaction on Thursday, November 10th. The shares were purchased at an average price of $17.41 per share, with a total value of $87,050.00. Following the acquisition, the director now directly owns 18,797 shares of the company’s stock, valued at approximately $327,255.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David P. Hogan purchased 4,810 shares of the stock in a transaction on Thursday, November 17th. The stock was acquired at an average cost of $20.79 per share, for a total transaction of $99,999.90. Following the acquisition, the executive vice president now directly owns 116,602 shares in the company, valued at $2,424,155.58. The disclosure for this purchase can be found here. Corporate insiders own 57.81% of the company’s stock.
Large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in shares of OneMain Holdings by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 47,419 shares of the company’s stock valued at $1,082,000 after buying an additional 2,700 shares during the period. Barnett & Company Inc. raised its stake in OneMain Holdings by 5.1% in the second quarter. Barnett & Company Inc. now owns 62,970 shares of the company’s stock valued at $1,437,000 after buying an additional 3,050 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in OneMain Holdings by 25.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 67,251 shares of the company’s stock valued at $1,535,000 after buying an additional 13,795 shares during the last quarter. California Public Employees Retirement System raised its stake in OneMain Holdings by 13.0% in the second quarter. California Public Employees Retirement System now owns 73,200 shares of the company’s stock valued at $1,670,000 after buying an additional 8,400 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in OneMain Holdings by 3.2% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the company’s stock valued at $219,000 after buying an additional 300 shares during the last quarter. 98.10% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Holdings Company Profile
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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