OneMain Holdings Inc. (OMF) Trading 3% Higher
Shares of OneMain Holdings Inc. (NYSE:OMF) traded up 3% on Monday . The company traded as high as $30.53 and last traded at $30.35, with a volume of 164,960 shares changing hands. The stock had previously closed at $29.46.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of OneMain Holdings from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Credit Suisse Group AG reiterated a “buy” rating on shares of OneMain Holdings in a research note on Saturday, June 4th. Barclays PLC reiterated an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a research note on Friday, July 15th. Finally, Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a research note on Sunday, July 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. OneMain Holdings currently has an average rating of “Buy” and an average price target of $39.88.
The firm’s market capitalization is $4.08 billion. The stock has a 50-day moving average price of $28.79 and a 200-day moving average price of $27.51.
OneMain Holdings (NYSE:OMF) last released its earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. During the same period in the previous year, the firm posted $0.38 EPS. On average, equities research analysts predict that OneMain Holdings Inc. will post $4.28 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in OneMain Holdings stock. American International Group Inc. bought a new position in OneMain Holdings Inc. (NYSE:OMF) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 4,181,619 shares of the company’s stock, valued at approximately $173,704,000. American International Group Inc. owned 3.11% of OneMain Holdings as of its most recent filing with the SEC.
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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