OneMain Holdings Inc. (OMF) Trading Up 2.7%
OneMain Holdings Inc. (NYSE:OMF) shares were up 2.7% on Thursday . The stock traded as high as $22.95 and last traded at $22.28, with a volume of 362,756 shares traded. The stock had previously closed at $21.69.
Several research analysts recently weighed in on OMF shares. FBR & Co restated an “outperform” rating and set a $40.00 price target on shares of OneMain Holdings in a report on Tuesday, April 5th. Credit Suisse Group AG restated an “outperform” rating and set a $50.00 price target on shares of OneMain Holdings in a report on Monday, April 4th. Zacks Investment Research upgraded shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Northland Securities started coverage on shares of OneMain Holdings in a research note on Thursday, April 7th. They issued an “outperform” rating on the stock. Finally, Barclays PLC dropped their target price on shares of OneMain Holdings from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 12th. One 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’s stock. OneMain Holdings presently has an average rating of “Buy” and an average target price of $39.63.
The firm’s market cap is $3.16 billion. The stock’s 50 day moving average is $26.37 and its 200-day moving average is $28.19.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by $0.03. On average, equities research analysts expect that OneMain Holdings Inc. will post $4.36 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new stake in OneMain Holdings during the fourth quarter worth $1,139,000. Deimos Asset Management LLC purchased a new stake in OneMain Holdings during the fourth quarter worth $1,233,000. Rhumbline Advisers purchased a new stake in OneMain Holdings during the fourth quarter worth $1,446,000. Suntrust Banks Inc. purchased a new stake in OneMain Holdings during the fourth quarter worth $1,491,000. Finally, State of Wisconsin Investment Board purchased a new stake 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.
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