Northland Securities Reiterates Hold Rating for OneMain Holdings, Inc. (OMF)
OneMain Holdings, Inc. (NYSE:OMF)‘s stock had its “hold” rating reaffirmed by analysts at Northland Securities in a report released on Friday. They presently have a $35.00 price objective on the financial services provider’s stock. Northland Securities’ price objective indicates a potential upside of 8.90% from the company’s previous close.
Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of OneMain Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, July 6th. ValuEngine lowered shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and issued a $30.00 price target on shares of OneMain Holdings in a research report on Friday, July 14th. DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. Finally, Bank of America Corporation set a $35.00 price target on shares of OneMain Holdings and gave the stock a “buy” rating in a research report on Friday, October 13th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. OneMain Holdings currently has an average rating of “Hold” and an average price target of $31.29.
OneMain Holdings (NYSE OMF) traded down $0.44 during trading hours on Friday, hitting $32.14. 686,974 shares of the stock traded hands, compared to its average volume of 676,187. OneMain Holdings has a one year low of $16.03 and a one year high of $33.39. The company has a market cap of $4,348.61, a price-to-earnings ratio of 9.80 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain Holdings had a return on equity of 14.28% and a net margin of 4.85%. The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts forecast that OneMain Holdings will post 3.68 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in OneMain Holdings by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in OneMain Holdings during the second quarter valued at approximately $132,000. Pacer Advisors Inc. grew its holdings in OneMain Holdings by 12.0% during the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 779 shares during the last quarter. Principal Financial Group Inc. acquired a new position in OneMain Holdings during the second quarter valued at approximately $237,000. Finally, Amalgamated Bank acquired a new position in OneMain Holdings during the second quarter valued at approximately $238,000. 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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