OneMain (OMF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a research report sent to investors on Thursday, March 15th.

According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “

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A number of other equities research analysts have also weighed in on OMF. Janney Montgomery Scott upgraded shares of OneMain from a neutral rating to a buy rating in a report on Thursday, March 1st. Jefferies Group restated a buy rating and issued a $48.00 price target on shares of OneMain in a report on Thursday, January 11th. Barclays reiterated a hold rating and set a $35.00 price objective on shares of OneMain in a research note on Wednesday, December 13th. Bank of America raised shares of OneMain from a neutral rating to a buy rating and set a $41.00 target price on the stock in a research report on Thursday, January 4th. Finally, Compass Point raised shares of OneMain from a neutral rating to a buy rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. OneMain currently has an average rating of Buy and a consensus target price of $35.33.

OMF traded down $1.03 during trading on Thursday, hitting $29.52. The company’s stock had a trading volume of 514,455 shares, compared to its average volume of 543,142. The company has a market capitalization of $4,142.71, a PE ratio of 8.34, a PEG ratio of 1.25 and a beta of 2.75. OneMain has a one year low of $22.04 and a one year high of $36.32.

OneMain (NYSE:OMF) last posted its earnings results 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 net margin of 5.06% and a return on equity of 15.04%. The company had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. During the same period last year, the company posted $0.80 earnings per share. OneMain’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts expect that OneMain will post 4.91 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in OneMain in the third quarter valued at approximately $119,000. State of Alaska Department of Revenue acquired a new stake in OneMain during the fourth quarter worth approximately $142,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in OneMain during the fourth quarter worth approximately $164,000. Meadow Creek Investment Management LLC acquired a new stake in OneMain during the fourth quarter worth approximately $199,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in OneMain during the third quarter worth approximately $206,000. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

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About OneMain

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments: Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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