OneMain Holdings Inc. (OMF) Trading Up 4.2%
OneMain Holdings Inc. (NYSE:OMF) shares were up 4.2% on Thursday . The company traded as high as $30.62 and last traded at $29.79, with a volume of 315,394 shares changing hands. The stock had previously closed at $28.60.
A number of research analysts have recently weighed in on OMF shares. Zacks Investment Research downgraded shares of OneMain Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Barclays PLC cut their price target on shares of OneMain Holdings from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, April 12th. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a report on Friday. Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a report on Sunday, July 10th. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of OneMain Holdings in a report on Saturday, April 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $39.88.
The stock has a 50 day moving average of $25.77 and a 200-day moving average of $26.94. The company’s market cap is $4.17 billion.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. During the same quarter in the prior year, the business posted $0.38 EPS. Equities research analysts predict that OneMain Holdings Inc. will post $4.32 earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. American International Group Inc. bought a new position in OneMain Holdings during the fourth quarter valued at $173,704,000. Wells Fargo & Company MN acquired a new position in shares of OneMain Holdings during the fourth quarter valued at approximately $9,221,000. Morgan Stanley acquired a new position in shares of OneMain Holdings during the fourth quarter valued at approximately $8,368,000. New York State Common Retirement Fund acquired a new position in shares of OneMain Holdings during the fourth quarter valued at approximately $6,543,000. Finally, UBS Oconnor LLC acquired a new position in shares of OneMain Holdings during the fourth quarter valued at approximately $2,865,000.
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.