Shares of OneMain Holdings Inc (NYSE:OMF) have received an average recommendation of “Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.67.
A number of equities research analysts recently commented on OMF shares. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, January 31st. Janney Montgomery Scott raised OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray Companies began coverage on OneMain in a research note on Wednesday, March 21st. They set an “overweight” rating and a $37.00 price objective on the stock. UBS began coverage on OneMain in a research note on Tuesday, March 27th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Co began coverage on OneMain in a research note on Wednesday, April 4th. They set an “outperform” rating and a $38.00 price objective on the stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in shares of OneMain during the fourth quarter valued at approximately $142,000. Cornerstone Capital Management Holdings LLC. bought a new position in OneMain in the fourth quarter worth approximately $164,000. SG Americas Securities LLC grew its stake in OneMain by 50.2% in the fourth quarter. SG Americas Securities LLC now owns 6,338 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,119 shares in the last quarter. Hsbc Holdings PLC bought a new position in OneMain in the first quarter worth approximately $207,000. Finally, BNP Paribas Arbitrage SA grew its stake in OneMain by 907.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,140 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 6,431 shares in the last quarter. 91.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:OMF traded down $0.61 during mid-day trading on Monday, reaching $33.75. The stock had a trading volume of 3,122 shares, compared to its average volume of 603,548. The company has a market capitalization of $4.68 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.41 and a beta of 2.74. OneMain has a 1 year low of $22.10 and a 1 year high of $36.32.
OneMain (NYSE:OMF) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $667.57 million. OneMain had a return on equity of 16.47% and a net margin of 7.37%. During the same period in the previous year, the business earned $0.25 earnings per share. equities research analysts predict that OneMain will post 4.9 earnings per share for the current year.
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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