OneMain Holdings, Inc. (NYSE:OMF)‘s stock had its “hold” rating reaffirmed by research analysts at Northland Securities in a research report issued to clients and investors on Friday. They currently have a $35.00 target price on the financial services provider’s stock. Northland Securities’ price target points to a potential upside of 8.93% from the stock’s current price.
A number of other research analysts have also recently commented on OMF. Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. Compass Point cut OneMain Holdings from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research note on Friday. ValuEngine cut OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price target on shares of OneMain Holdings in a research note on Friday, July 14th. Finally, Barclays PLC set a $30.00 price target on OneMain Holdings and gave the stock a “hold” rating in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. OneMain Holdings has a consensus rating of “Hold” and an average target price of $31.06.
OneMain Holdings (OMF) traded up $0.96 on Friday, reaching $32.13. The company had a trading volume of 597,006 shares, compared to its average volume of 676,187. The stock has a market cap of $4,412.19, a price-to-earnings ratio of 9.94 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The business had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. analysts predict that OneMain Holdings will post 3.73 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of the stock. Utah Retirement Systems increased its holdings in OneMain Holdings by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in OneMain Holdings by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock valued at $323,000 after buying an additional 334 shares during the last quarter. AQR Capital Management LLC increased its holdings in OneMain Holdings by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock valued at $1,306,000 after buying an additional 506 shares during the last quarter. Stifel Financial Corp increased its holdings in OneMain Holdings by 5.1% in the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock valued at $275,000 after buying an additional 547 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in OneMain Holdings by 12.0% in the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after buying an additional 779 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.
About OneMain Holdings
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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