Citigroup Inc. assumed coverage on shares of OneMain Holdings, Inc. (NYSE:OMF) in a research note published on Monday, October 16th, Marketbeat.com reports. The brokerage issued a neutral rating and a $35.00 target price on the financial services provider’s stock.
A number of other equities analysts also recently commented on the stock. ValuEngine upgraded shares of OneMain Holdings from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Bank of America Corporation set a $35.00 target price on shares of OneMain Holdings and gave the stock a buy rating in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of OneMain Holdings from a hold rating to a sell rating in a research note on Thursday, October 5th. Jefferies Group LLC restated a buy rating and issued a $30.00 target price on shares of OneMain Holdings in a research note on Friday, July 14th. Finally, DA Davidson reaffirmed a buy rating and issued a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $30.76.
OneMain Holdings (NYSE OMF) opened at 30.84 on Monday. The company has a market capitalization of $4.17 billion, a PE ratio of 33.13 and a beta of 2.84. The stock’s 50 day moving average price is $29.00 and its 200-day moving average price is $25.85. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $33.39.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.08). The firm had revenue of $569.00 million for the quarter, compared to the consensus estimate of $631.92 million. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, equities research analysts predict that OneMain Holdings will post $3.75 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in OMF. First Trust Advisors LP grew its position in OneMain Holdings by 32.9% during the third quarter. First Trust Advisors LP now owns 627,036 shares of the financial services provider’s stock valued at $17,676,000 after buying an additional 155,182 shares during the period. Northpointe Capital LLC acquired a new stake in OneMain Holdings during the third quarter valued at $2,395,000. Tributary Capital Management LLC acquired a new stake in OneMain Holdings during the third quarter valued at $1,068,000. Phocas Financial Corp. grew its position in OneMain Holdings by 4.5% during the second quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after buying an additional 8,330 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in OneMain Holdings by 35.8% during the second quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after buying an additional 4,650 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.
OneMain Holdings 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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