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. “
OMF has been the topic of several other reports. JPMorgan Chase & Co. started coverage on shares of OneMain Holdings in a research note on Monday, September 12th. They issued an overweight rating and a $38.00 price target on the stock. Credit Suisse Group AG reissued a buy rating on shares of OneMain Holdings in a research report on Friday, August 5th. Barclays PLC reissued an overweight rating and issued a $36.00 price objective on shares of OneMain Holdings in a research report on Friday, July 15th. Wedbush initiated coverage on shares of OneMain Holdings in a research report on Monday, October 10th. They issued an outperform rating and a $45.00 price objective for the company. Finally, Jefferies Group reissued a buy rating and issued a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $40.20.
Shares of OneMain Holdings (NYSE:OMF) opened at 29.86 on Wednesday. The company’s market capitalization is $4.02 billion. OneMain Holdings has a 12-month low of $18.55 and a 12-month high of $51.39. The firm’s 50-day moving average is $30.45 and its 200-day moving average is $28.65.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same quarter last year, the business earned $0.38 earnings per share. On average, equities research analysts anticipate that OneMain Holdings will post $4.25 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in OneMain Holdings by 505.3% in the second quarter. Pacer Advisors Inc. now owns 5,375 shares of the company’s stock worth $122,000 after buying an additional 4,487 shares in the last quarter. Royal Bank of Canada increased its stake in OneMain Holdings by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the company’s stock worth $147,000 after buying an additional 1,664 shares in the last quarter. Legal & General Group Plc increased its stake in OneMain Holdings by 131.6% in the second quarter. Legal & General Group Plc now owns 7,625 shares of the company’s stock worth $174,000 after buying an additional 4,332 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in OneMain Holdings during the second quarter worth about $185,000. Finally, Teacher Retirement System of Texas increased its stake in OneMain Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,488 shares of the company’s stock worth $194,000 after buying an additional 1,030 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.
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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