OneMain Holdings, Inc. (OMF) Given Consensus Rating of “Buy” by Brokerages
OneMain Holdings, Inc. (NYSE:OMF) has been assigned an average recommendation of “Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.00.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Bank of America Corporation set a $35.00 price objective on shares of OneMain Holdings and gave the stock a “buy” rating in a report on Friday, October 13th. Citigroup Inc. assumed coverage on shares of OneMain Holdings in a research report on Monday, October 16th. They issued a “neutral” rating and a $35.00 price objective on the stock. ValuEngine raised shares of OneMain Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $39.00 target price (up previously from $30.00) on shares of OneMain Holdings in a research note on Wednesday, August 9th.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS.
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A number of hedge funds have recently modified their holdings of OMF. JPMorgan Chase & Co. increased its stake in shares of OneMain Holdings by 103.0% in the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,200 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of OneMain Holdings in the second quarter valued at $132,000. Pacer Advisors Inc. increased its stake in shares of 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 in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of OneMain Holdings in the second quarter valued at $237,000. Finally, Amalgamated Bank acquired a new stake in shares of OneMain Holdings in the second quarter valued at $238,000. 95.81% of the stock is 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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