OneMain Holdings Inc. (OMF) Sees Large Volume Increase
Shares of OneMain Holdings Inc. (NYSE:OMF) saw strong trading volume on Wednesday . 648,468 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 738,994 shares.The stock last traded at $21.74 and had previously closed at $21.27.
A number of research analysts have recently commented on the stock. Sterne Agee CRT reissued a “buy” rating on shares of OneMain Holdings in a report on Saturday, April 9th. FBR & Co reissued a “buy” rating on shares of OneMain Holdings in a report on Saturday, March 19th. Credit Suisse Group AG reissued a “buy” rating on shares of OneMain Holdings in a report on Saturday, June 4th. Zacks Investment Research cut shares of OneMain Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays PLC dropped their target price on shares of OneMain Holdings from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. OneMain Holdings presently has an average rating of “Buy” and a consensus price target of $39.63.
The firm’s 50 day moving average price is $26.78 and its 200-day moving average price is $28.36. The stock’s market capitalization is $2.92 billion.
OneMain Holdings (NYSE:OMF) last posted its earnings results on Wednesday, May 4th. The company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.08 by $0.03. On average, analysts forecast that OneMain Holdings Inc. will post $4.36 earnings per share for the current fiscal year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in OneMain Holdings during the fourth quarter worth $1,139,000. Deimos Asset Management LLC bought a new position in OneMain Holdings during the fourth quarter worth $1,233,000. Rhumbline Advisers bought a new position in OneMain Holdings during the fourth quarter worth $1,446,000. Suntrust Banks Inc. bought a new position in OneMain Holdings during the fourth quarter worth $1,491,000. Finally, State of Wisconsin Investment Board bought a new position in OneMain Holdings during the fourth quarter worth $1,566,000.
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.