Bank of America Corporation Analysts Give OneMain Holdings, Inc. (OMF) a $35.00 Price Target

OneMain Holdings, Inc. (NYSE:OMF) has been given a $35.00 target price by investment analysts at Bank of America Corporation in a research note issued to investors on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America Corporation’s target price indicates a potential upside of 13.20% from the stock’s current price.

OMF has been the topic of several other reports. Zacks Investment Research raised shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. ValuEngine raised shares of OneMain Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of OneMain Holdings in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research report on Friday, July 14th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.94.

OneMain Holdings (NYSE:OMF) traded down 0.61% on Friday, hitting $30.73. 101,183 shares of the stock were exchanged. The stock has a market capitalization of $4.16 billion, a P/E ratio of 33.01 and a beta of 2.84. OneMain Holdings has a one year low of $16.03 and a one year high of $33.39. The company has a 50 day moving average of $28.14 and a 200 day moving average of $25.45.

OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.08). OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The firm had revenue of $569.00 million for the quarter, compared to the consensus estimate of $631.92 million. During the same period last year, the company posted $0.96 earnings per share. On average, equities research analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/2957516/onemain-holdings-inc-omf-price-target-increased-to-35-00-by-analysts-at-bank-of-america-corporation.html.

Institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA grew its stake in OneMain Holdings by 46.7% during the second quarter. Federated Investors Inc. PA now owns 436,425 shares of the financial services provider’s stock worth $10,731,000 after buying an additional 138,948 shares in the last quarter. American Century Companies Inc. grew its stake in OneMain Holdings by 73.5% during the second quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after buying an additional 277,433 shares in the last quarter. Lucus Advisors LLC acquired a new stake in OneMain Holdings during the first quarter worth about $401,000. Russell Investments Group Ltd. grew its stake in OneMain Holdings by 73.5% during the second quarter. Russell Investments Group Ltd. now owns 98,052 shares of the financial services provider’s stock worth $2,411,000 after buying an additional 41,531 shares in the last quarter. Finally, Gruss Capital Management LP acquired a new stake in OneMain Holdings during the second quarter worth about $17,483,000. Hedge funds and other institutional investors own 95.68% of the company’s stock.

OneMain Holdings 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 Holdings (NYSE:OMF)

Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.