OneMain (OMF) Lifted to “Buy” at Compass Point

OneMain (NYSE:OMF) was upgraded by stock analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

A number of other analysts have also recently issued reports on OMF. ValuEngine raised OneMain from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. BMO Capital Markets upped their price target on OneMain from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Bank of America downgraded OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Northland Securities reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. OneMain currently has an average rating of “Hold” and a consensus price target of $32.85.

Shares of OneMain (NYSE OMF) opened at $26.64 on Thursday. OneMain has a 52 week low of $21.56 and a 52 week high of $33.39. The stock has a market capitalization of $3,559.68, a P/E ratio of 21.14, a P/E/G ratio of 1.28 and a beta of 2.72.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. During the same period in the previous year, the company posted $0.90 earnings per share. OneMain’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts anticipate that OneMain will post 3.52 EPS for the current year.

In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,500,000 shares of company stock worth $474,250,000. 57.73% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of OMF. JPMorgan Chase & Co. increased its position in shares of OneMain 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 purchasing an additional 2,200 shares during the period. SG Americas Securities LLC bought a new position in shares of OneMain in the third quarter worth $119,000. Cubist Systematic Strategies LLC bought a new position in shares of OneMain in the second quarter worth $132,000. Royal Bank of Canada increased its position in shares of OneMain by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,664 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of OneMain by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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About OneMain

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.