OneMain Holdings Inc (OMF) Given Average Recommendation of “Hold” by Brokerages
Shares of OneMain Holdings Inc (NYSE:OMF) have been assigned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.80.
A number of research firms recently commented on OMF. Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of OneMain in a report on Thursday, January 11th. Bank of America upgraded OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Thursday, January 4th. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a report on Friday. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine upgraded OneMain from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
OneMain (NYSE OMF) traded down $0.01 during midday trading on Tuesday, reaching $34.08. The company had a trading volume of 904,100 shares, compared to its average volume of 1,863,422. The company has a market capitalization of $4,570.00, a P/E ratio of 27.05, a PEG ratio of 1.56 and a beta of 2.72. OneMain has a fifty-two week low of $21.56 and a fifty-two week high of $35.11.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders sold 18,500,000 shares of company stock valued at $474,250,000 over the last 90 days. Corporate insiders own 57.73% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in shares of OneMain by 5.1% during the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock worth $275,000 after buying an additional 547 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of OneMain by 12.0% during 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of OneMain by 103.0% during 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 in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of OneMain by 23.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,583 shares of the financial services provider’s stock worth $531,000 after buying an additional 4,083 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of OneMain during the third quarter worth about $119,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
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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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