Bank of America Corporation Analysts Give OneMain Holdings, Inc. (OMF) a $35.00 Price Target
OneMain Holdings, Inc. (NYSE:OMF) has been given a $35.00 target price by investment analysts at Bank of America Corporation in a research note issued to investors on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America Corporation’s target price indicates a potential upside of 13.20% from the stock’s current price.
OMF has been the topic of several other reports. Zacks Investment Research raised shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. ValuEngine raised shares of OneMain Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of OneMain Holdings in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research report on Friday, July 14th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.94.
OneMain Holdings (NYSE:OMF) traded down 0.61% on Friday, hitting $30.73. 101,183 shares of the stock were exchanged. The stock has a market capitalization of $4.16 billion, a P/E ratio of 33.01 and a beta of 2.84. OneMain Holdings has a one year low of $16.03 and a one year high of $33.39. The company has a 50 day moving average of $28.14 and a 200 day moving average of $25.45.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.08). OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The firm had revenue of $569.00 million for the quarter, compared to the consensus estimate of $631.92 million. During the same period last year, the company posted $0.96 earnings per share. On average, equities research analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA grew its stake in OneMain Holdings by 46.7% during the second quarter. Federated Investors Inc. PA now owns 436,425 shares of the financial services provider’s stock worth $10,731,000 after buying an additional 138,948 shares in the last quarter. American Century Companies Inc. grew its stake in OneMain Holdings by 73.5% during the second quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after buying an additional 277,433 shares in the last quarter. Lucus Advisors LLC acquired a new stake in OneMain Holdings during the first quarter worth about $401,000. Russell Investments Group Ltd. grew its stake in OneMain Holdings by 73.5% during the second quarter. Russell Investments Group Ltd. now owns 98,052 shares of the financial services provider’s stock worth $2,411,000 after buying an additional 41,531 shares in the last quarter. Finally, Gruss Capital Management LP acquired a new stake in OneMain Holdings during the second quarter worth about $17,483,000. Hedge funds and other institutional investors own 95.68% of the company’s stock.
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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