OneMain Holdings Inc (OMF) Given Consensus Recommendation of “Buy” by Analysts

OneMain Holdings Inc (NYSE:OMF) has been assigned an average rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.00.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Friday, January 12th. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and set a $48.00 target price on shares of OneMain in a research note on Thursday, January 11th. Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Friday, November 3rd. Finally, Northland Securities reissued a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Friday, November 3rd.

Shares of OneMain (OMF) traded down $0.03 during trading hours on Friday, reaching $30.00. 1,307,467 shares of the company’s stock traded hands, compared to its average volume of 645,159. OneMain has a 52 week low of $22.04 and a 52 week high of $35.11. The firm has a market cap of $4,064.55, a P/E ratio of 23.81, a P/E/G ratio of 1.31 and a beta of 2.86.

In related news, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Insiders own 57.73% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in OneMain by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after purchasing an additional 172,224 shares in the last quarter. BlackRock Inc. boosted its holdings in OneMain by 21.5% in the fourth quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock worth $72,891,000 after purchasing an additional 497,067 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in OneMain by 22.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock worth $53,231,000 after purchasing an additional 344,126 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in OneMain by 5.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock worth $37,043,000 after purchasing an additional 72,821 shares in the last quarter. Finally, Gruss Capital Management LP boosted its holdings in OneMain by 37.1% in the third quarter. Gruss Capital Management LP now owns 975,000 shares of the financial services provider’s stock worth $27,485,000 after purchasing an additional 264,000 shares in the last quarter. Hedge funds and other institutional investors own 95.88% of the company’s stock.

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OneMain 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.

Analyst Recommendations for OneMain (NYSE:OMF)

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