OneMain (OMF) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a research note published on Thursday.
According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “
Other equities research analysts also recently issued research reports about the company. Janney Montgomery Scott upgraded OneMain from a neutral rating to a buy rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. downgraded OneMain from a neutral rating to an underweight rating and set a $25.00 price target on the stock. in a research report on Friday, January 12th. Compass Point upgraded OneMain from a neutral rating to a buy rating in a research report on Thursday, January 4th. Barclays restated a hold rating and set a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. Finally, Jefferies Group restated a buy rating and set a $48.00 price target on shares of OneMain in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $34.58.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The company had revenue of $799.00 million for the quarter, compared to the consensus estimate of $798.70 million. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. analysts expect that OneMain will post 4.91 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. American Century Companies Inc. raised its position in OneMain by 4.5% during the third quarter. American Century Companies Inc. now owns 684,535 shares of the financial services provider’s stock valued at $19,297,000 after purchasing an additional 29,619 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of OneMain during the third quarter valued at about $583,000. New York State Common Retirement Fund grew its stake in shares of OneMain by 30.1% during the third quarter. New York State Common Retirement Fund now owns 163,161 shares of the financial services provider’s stock valued at $4,600,000 after buying an additional 37,702 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of OneMain by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock valued at $5,471,000 after buying an additional 9,618 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of OneMain during the third quarter valued at about $119,000. Institutional investors and hedge funds own 94.34% of the company’s stock.
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OneMain Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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