OneMain Holdings Inc (NYSE:OMF) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.90.
A number of analysts recently issued reports on OMF shares. ValuEngine raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research report on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Bank of America downgraded shares of OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.
OneMain (NYSE:OMF) traded up $0.01 on Friday, reaching $25.30. 656,300 shares of the company were exchanged, compared to its average volume of 680,968. The firm has a market cap of $3,422.98, a P/E ratio of 7.71, a PEG ratio of 1.44 and a beta of 2.72. OneMain has a 12-month low of $21.50 and a 12-month high of $33.39.
OneMain (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). The business had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. equities analysts predict that OneMain will post 3.52 earnings per share for the current fiscal year.
In other news, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders sold 18,500,000 shares of company stock valued at $474,250,000 in the last ninety days. 57.73% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of OneMain by 103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,200 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of OneMain during the 3rd quarter valued at approximately $119,000. Cubist Systematic Strategies LLC purchased a new position in shares of OneMain during the 2nd quarter valued at approximately $132,000. Pacer Advisors Inc. boosted its stake in shares of OneMain by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after buying an additional 779 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of OneMain during the 3rd quarter valued at approximately $206,000. Institutional investors own 95.83% 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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