OneMain Holdings Inc. (OMF) Shares Down 1.4%
OneMain Holdings Inc. (NYSE:OMF)’s share price traded down 1.4% on Tuesday . The stock traded as low as $30.49 and last traded at $30.92, with a volume of 292,114 shares trading hands. The stock had previously closed at $31.37.
Several equities analysts recently weighed in on the company. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of OneMain Holdings in a research note on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a research note on Saturday, June 4th. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Barclays PLC reaffirmed an “overweight” rating and issued a $36.00 price objective on shares of OneMain Holdings in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. assumed coverage on OneMain Holdings in a research note on Monday, September 12th. They issued an “overweight” rating and a $38.00 price objective for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.67.
The company’s market cap is $4.14 billion. The company’s 50 day moving average price is $29.71 and its 200 day moving average price is $28.10.
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OneMain Holdings (NYSE:OMF) last issued its earnings results on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same period last year, the company earned $0.38 earnings per share. On average, equities analysts forecast that OneMain Holdings Inc. will post $4.28 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of OMF. Pacer Advisors Inc. increased its position in shares of OneMain Holdings by 505.3% in the second quarter. Pacer Advisors Inc. now owns 5,375 shares of the company’s stock worth $122,000 after buying an additional 4,487 shares during the last quarter. Royal Bank of Canada increased its position in shares of OneMain Holdings by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the company’s stock worth $147,000 after buying an additional 1,664 shares during the last quarter. Legal & General Group Plc increased its position in shares of OneMain Holdings by 131.6% in the second quarter. Legal & General Group Plc now owns 7,625 shares of the company’s stock worth $174,000 after buying an additional 4,332 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of OneMain Holdings during the second quarter worth approximately $185,000. Finally, Teacher Retirement System of Texas increased its position in shares of OneMain Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,488 shares of the company’s stock worth $194,000 after buying an additional 1,030 shares during the last quarter. Institutional investors own 99.17% of the company’s stock.
OneMain Holdings Company Profile
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc (SHI), is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing, and Real Estate.
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