OneMain Holdings Inc (NYSE:OMF) – Research analysts at Jefferies Group cut their Q1 2018 earnings per share estimates for OneMain in a research report issued to clients and investors on Thursday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings per share of $1.16 for the quarter, down from their previous forecast of $1.18. Jefferies Group currently has a “Buy” rating and a $48.00 target price on the stock. Jefferies Group also issued estimates for OneMain’s Q3 2018 earnings at $1.19 EPS.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. The company had revenue of $799.00 million during the quarter, compared to the consensus estimate of $798.70 million. OneMain had a net margin of 5.06% and a return on equity of 15.18%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS.
OMF has been the subject of several other research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research report on Friday, November 3rd. Bank of America downgraded shares of OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Barclays reissued a “hold” rating and issued a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.58.
Shares of OneMain (OMF) opened at $33.01 on Monday. The company has a market cap of $4,470.00, a P/E ratio of 24.45, a PEG ratio of 1.44 and a beta of 2.86. OneMain has a 52-week low of $22.04 and a 52-week high of $36.32.
A number of institutional investors have recently made changes to their positions in OMF. Basswood Capital Management L.L.C. raised its stake in OneMain by 62.9% in the 4th quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock valued at $71,885,000 after acquiring an additional 1,068,203 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneMain by 77.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock valued at $37,971,000 after buying an additional 676,203 shares during the period. Eaton Vance Management increased its position in shares of OneMain by 62.0% during the fourth quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock valued at $40,306,000 after buying an additional 593,268 shares during the period. BlackRock Inc. increased its position in shares of OneMain by 21.5% during the fourth quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock valued at $72,891,000 after buying an additional 497,067 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in shares of OneMain by 25.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock valued at $57,406,000 after buying an additional 451,199 shares during the period.
In related news, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. 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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