OneMain Holdings Inc. (OMF) Shares Down 7.2%
OneMain Holdings Inc. (NYSE:OMF) shares were down 7.2% during mid-day trading on Tuesday . The company traded as low as $21.33 and last traded at $21.38, with a volume of 155,676 shares trading hands. The stock had previously closed at $23.03.
A number of research analysts have issued reports on OMF shares. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research report on Saturday, June 4th. Zacks Investment Research downgraded shares of OneMain Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Northland Securities started coverage on shares of OneMain Holdings in a research report on Thursday, April 7th. They set an “outperform” rating on the stock. Sterne Agee CRT restated a “buy” rating on shares of OneMain Holdings in a research report on Saturday, April 9th. Finally, FBR & Co restated a “buy” rating on shares of OneMain Holdings in a research report on Saturday, March 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. OneMain Holdings has a consensus rating of “Buy” and an average target price 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 cap is $3.04 billion.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, May 4th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by $0.03. Analysts predict that OneMain Holdings Inc. will post $4.36 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new position in OneMain Holdings during the fourth quarter worth about $1,139,000. Deimos Asset Management LLC purchased a new stake in OneMain Holdings during the fourth quarter valued at $1,233,000. Rhumbline Advisers purchased a new stake in OneMain Holdings during the fourth quarter valued at $1,446,000. Suntrust Banks Inc. purchased a new stake in OneMain Holdings during the fourth quarter valued at $1,491,000. Finally, State of Wisconsin Investment Board purchased a new stake in OneMain Holdings during the fourth quarter valued at $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.
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