OneMain Holdings Inc (NYSE:OMF) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $37.00.

Several brokerages have commented on OMF. JPMorgan Chase & Co. upgraded shares of OneMain from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $34.50 to $32.00 in a report on Wednesday, January 16th. ValuEngine upgraded shares of OneMain from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Barclays set a $34.00 price target on shares of OneMain and gave the stock a “hold” rating in a research note on Friday, December 14th.

In other OneMain news, Director Jay N. Levine purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average cost of $29.93 per share, for a total transaction of $299,300.00. Following the purchase, the director now directly owns 3,092,296 shares in the company, valued at $92,552,419.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay N. Levine purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average price of $29.61 per share, with a total value of $444,150.00. Following the completion of the purchase, the director now owns 3,092,296 shares in the company, valued at $91,562,884.56. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 35,000 shares of company stock valued at $1,019,950. 43.93% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in OMF. First Hawaiian Bank purchased a new stake in OneMain during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in OneMain by 36.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 575 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in OneMain during the 4th quarter valued at about $100,000. Strs Ohio grew its position in OneMain by 53.3% during the 4th quarter. Strs Ohio now owns 10,490 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 3,647 shares during the last quarter. Finally, Commonwealth Bank of Australia purchased a new stake in OneMain during the 3rd quarter valued at about $278,000. 91.39% of the stock is currently owned by institutional investors.

Shares of NYSE OMF opened at $29.51 on Friday. OneMain has a 12 month low of $22.47 and a 12 month high of $37.29. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 0.71 and a beta of 2.47.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.03. OneMain had a net margin of 8.27% and a return on equity of 18.65%. The business had revenue of $933.00 million during the quarter, compared to analyst estimates of $852.42 million. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts predict that OneMain will post 5 earnings per share for the current fiscal year.

OneMain Company Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Analyst Recommendations for OneMain (NYSE:OMF)

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