Zacks Investment Research upgraded shares of OneMain Holdings Inc. (NYSE:OMF) from a hold rating to a strong-buy rating in a research note published on Tuesday morning. They currently have $35.00 price target on the stock.
According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “
Several other equities research analysts also recently issued reports on OMF. Jefferies Group reissued a buy rating and set a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th. Credit Suisse Group AG reaffirmed a buy rating on shares of OneMain Holdings in a research report on Friday, August 5th. Wedbush began coverage on shares of OneMain Holdings in a research report on Monday. They issued an outperform rating and a $45.00 target price for the company. Barclays PLC reaffirmed an overweight rating and issued a $36.00 target price on shares of OneMain Holdings in a research report on Friday, July 15th. Finally, JPMorgan Chase & Co. began coverage on shares of OneMain Holdings in a research report on Monday, September 12th. They issued an overweight rating and a $38.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $40.20.
OneMain Holdings (NYSE:OMF) opened at 29.67 on Tuesday. The company’s market cap is $4.00 billion. The stock’s 50 day moving average is $30.44 and its 200 day moving average is $28.62. OneMain Holdings has a 12-month low of $18.55 and a 12-month high of $51.39.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. OneMain Holdings had a positive return on equity of 17.89% and a negative net margin of 1.70%. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities analysts forecast that OneMain Holdings will post $4.25 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of OMF. Aperio Group LLC bought a new stake in OneMain Holdings during the first quarter worth about $574,000. Virginia Retirement System bought a new stake in OneMain Holdings during the first quarter worth about $551,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in OneMain Holdings during the first quarter worth about $2,151,000. Prudential Financial Inc. boosted its stake in OneMain Holdings by 110.1% in the first quarter. Prudential Financial Inc. now owns 140,630 shares of the company’s stock worth $3,857,000 after buying an additional 73,700 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock worth $350,000 after buying an additional 11,246 shares in the last quarter. Institutional investors own 99.17% of the company’s stock.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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