OneMain Holdings Inc (NYSE:OMF) – Equities researchers at Wedbush raised their FY2018 EPS estimates for shares of OneMain in a research note issued on Tuesday. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings per share of $4.98 for the year, up from their prior estimate of $4.80. Wedbush also issued estimates for OneMain’s Q2 2019 earnings at $1.32 EPS, Q3 2019 earnings at $1.55 EPS, Q4 2019 earnings at $1.52 EPS, FY2019 earnings at $5.50 EPS and FY2020 earnings at $6.00 EPS.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 15.18% and a net margin of 5.06%. The firm had revenue of $799.00 million during the quarter, compared to the consensus estimate of $798.70 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis.
Several other brokerages also recently weighed in on OMF. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a research report on Friday, January 12th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and set a $48.00 target price on shares of OneMain in a research note on Thursday, January 11th. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Friday, November 3rd. Finally, Northland Securities reissued a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.58.
Shares of OneMain (NYSE OMF) traded up $0.19 during mid-day trading on Wednesday, reaching $31.19. The company’s stock had a trading volume of 342,483 shares, compared to its average volume of 1,068,621. OneMain has a 12-month low of $22.04 and a 12-month high of $36.32. The company has a market capitalization of $4,240.00, a P/E ratio of 16.13, a P/E/G ratio of 1.29 and a beta of 2.86.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of OneMain by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,200 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of OneMain during the third quarter valued at $119,000. Cubist Systematic Strategies LLC bought a new position in shares of OneMain during the second quarter valued at $132,000. State of Alaska Department of Revenue bought a new position in shares of OneMain during the fourth quarter valued at $142,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of OneMain during the fourth quarter valued at $164,000.
In other news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The transaction 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 stock in a transaction on Monday, December 18th. The stock was 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. 57.73% of the stock is owned by corporate insiders.
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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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