OneMain Holdings Inc (NYSE:OMF) – Investment analysts at Wedbush boosted their FY2018 earnings estimates for shares of OneMain in a research report issued to clients and investors on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings of $4.80 per share for the year, up from their prior estimate of $4.15. Wedbush also issued estimates for OneMain’s FY2019 earnings at $5.25 EPS.
A number of other equities analysts also recently commented on OMF. ValuEngine upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of OneMain from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Bank of America set a $35.00 price objective on shares of OneMain and gave the stock a “buy” rating in a research report on Friday, October 13th. Citigroup started coverage on shares of OneMain in a research report on Monday, October 16th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.00.
Shares of OneMain (OMF) traded down $0.01 during trading on Friday, reaching $34.08. 904,174 shares of the company’s stock were exchanged, compared to its average volume of 1,410,000. The stock has a market cap of $4,610.00, a P/E ratio of 27.05, a P/E/G ratio of 1.56 and a beta of 2.72. OneMain has a 52 week low of $21.56 and a 52 week high of $35.11.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). The firm had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of OneMain by 7.9% in the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock valued at $265,004,000 after purchasing an additional 789,858 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of OneMain by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after purchasing an additional 172,224 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in OneMain by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after acquiring an additional 344,126 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in OneMain by 6.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock valued at $39,641,000 after acquiring an additional 102,652 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in OneMain by 5.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock valued at $37,043,000 after acquiring an additional 72,821 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.
In other news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The disclosure for this sale can be found here. Insiders sold a total of 18,500,000 shares of company stock valued at $474,250,000 in the last quarter. Insiders own 57.73% of the company’s stock.
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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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