OneMain Holdings, Inc. (NYSE:OMF) Given a $30.00 Price Target at Barclays PLC

Barclays PLC set a $30.00 price objective on OneMain Holdings, Inc. (NYSE:OMF) in a research report report published on Friday, August 4th. The firm currently has a hold rating on the financial services provider’s stock.

Several other research analysts have also weighed in on OMF. ValuEngine lowered OneMain Holdings from a strong-buy rating to a buy rating in a research report on Friday, July 14th. Keefe, Bruyette & Woods reissued a hold rating and set a $28.00 price objective on shares of OneMain Holdings in a report on Friday, July 14th. Zacks Investment Research downgraded OneMain Holdings from a buy rating to a hold rating in a research note on Thursday, July 13th. DA Davidson restated a buy rating and set a $31.00 target price on shares of OneMain Holdings in a research report on Tuesday, July 18th. Finally, BMO Capital Markets restated a buy rating and set a $30.00 target price on shares of OneMain Holdings in a research report on Tuesday, April 11th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $29.06.

Shares of OneMain Holdings (NYSE:OMF) opened at 26.08 on Friday. OneMain Holdings has a one year low of $16.03 and a one year high of $32.28. The company’s 50 day moving average price is $26.25 and its 200 day moving average price is $24.96. The firm has a market capitalization of $3.53 billion, a P/E ratio of 28.01 and a beta of 2.85.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.08. The firm had revenue of $569 million during the quarter, compared to analyst estimates of $631.92 million. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. During the same quarter last year, the company earned $0.96 EPS. On average, analysts expect that OneMain Holdings will post $3.76 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of OneMain Holdings during the fourth quarter worth $485,000. State Street Corp increased its position in shares of OneMain Holdings by 9.2% in the fourth quarter. State Street Corp now owns 645,039 shares of the financial services provider’s stock worth $14,275,000 after buying an additional 54,241 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneMain Holdings by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,299 shares of the financial services provider’s stock worth $17,717,000 after buying an additional 125,913 shares during the period. Renaissance Technologies LLC purchased a new position in OneMain Holdings during the fourth quarter valued at approximately $1,114,000. Finally, Norges Bank purchased a new position in OneMain Holdings during the fourth quarter valued at approximately $8,970,000. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Holdings 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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