OneMain Holdings, Inc. (OMF) Stock Rating Upgraded by ValuEngine
OneMain Holdings, Inc. (NYSE:OMF) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other analysts have also weighed in on OMF. Jefferies Group LLC restated a “buy” rating and set a $30.00 target price on shares of OneMain Holdings in a research note on Friday, April 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 price target on shares of OneMain Holdings in a report on Tuesday, April 11th. Zacks Investment Research downgraded OneMain Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Bank of America Corporation raised OneMain Holdings from an “underperform” rating to a “buy” rating and upped their price target for the company from $23.00 to $28.00 in a report on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price target on shares of OneMain Holdings in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.13.
OneMain Holdings (NYSE OMF) traded up 0.55% on Friday, reaching $23.80. 499,447 shares of the company traded hands. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 28.92 and a beta of 2.85. The stock has a 50 day moving average of $23.15 and a 200-day moving average of $24.06. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $32.28.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The firm had revenue of $698 million for the quarter, compared to analyst estimates of $773.82 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities analysts anticipate that OneMain Holdings will post $3.79 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “OneMain Holdings, Inc. (OMF) Stock Rating Upgraded by ValuEngine” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/06/23/onemain-holdings-inc-omf-stock-rating-upgraded-by-valuengine.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Clearbridge Investments LLC boosted its position in OneMain Holdings by 4.3% in the first quarter. Clearbridge Investments LLC now owns 1,416,116 shares of the financial services provider’s stock valued at $35,190,000 after buying an additional 58,933 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position 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. FNY Partners Fund LP acquired a new position in OneMain Holdings during the first quarter valued at about $186,000. AQR Capital Management LLC boosted its position 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. Finally, Gotham Asset Management LLC acquired a new position in OneMain Holdings during the first quarter valued at about $334,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.