OneMain Holdings, Inc. (OMF) Cut to “Neutral” at Compass Point
OneMain Holdings, Inc. (NYSE:OMF) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports.
Several other research firms have also commented on OMF. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Bank of America Corporation set a $35.00 price target on OneMain Holdings and gave the stock a “buy” rating in a research report on Friday, October 13th. Citigroup Inc. assumed coverage on OneMain Holdings in a research report on Monday, October 16th. They issued a “neutral” rating and a $35.00 price target for the company. ValuEngine raised OneMain Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price (up from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. OneMain Holdings presently has an average rating of “Hold” and an average target price of $30.76.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million during the quarter, compared to the consensus estimate of $800.50 million. OneMain Holdings had a return on equity of 14.28% and a net margin of 4.85%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share.
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Several institutional investors and hedge funds have recently modified their holdings of OMF. JPMorgan Chase & Co. boosted 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 worth $107,000 after buying an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of OneMain Holdings in the second quarter worth about $132,000. Pacer Advisors Inc. boosted 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 worth $179,000 after buying an additional 779 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of OneMain Holdings in the second quarter worth about $237,000. Finally, Amalgamated Bank purchased a new stake in shares of OneMain Holdings in the second quarter worth about $238,000. Hedge funds and other institutional investors own 95.81% 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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