OneMain (OMF) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of OneMain (NYSE:OMF) from a buy rating to a hold rating in a research note published on Thursday.

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. “

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OMF has been the subject of several other reports. Bank of America raised 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. Jefferies Group reissued a buy rating and set a $48.00 price objective on shares of OneMain in a report on Thursday, January 11th. Compass Point raised OneMain from a neutral rating to a buy rating in a report on Thursday, January 4th. Barclays reissued a hold rating and set a $35.00 price objective on shares of OneMain in a report on Wednesday, December 13th. Finally, Janney Montgomery Scott upgraded OneMain from a neutral rating to a buy rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $34.58.

OMF stock opened at $31.36 on Thursday. OneMain has a twelve month low of $22.04 and a twelve month high of $36.32. The firm has a market capitalization of $4,252.54, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.28 and a beta of 2.79.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The business had revenue of $799.00 million during the quarter, compared to analyst estimates of $798.70 million. During the same period in the prior year, the company earned $0.80 earnings per share. OneMain’s revenue was up 11.9% compared to the same quarter last year. equities analysts anticipate that OneMain will post 4.91 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Aperio Group LLC lifted its position in shares of OneMain by 18.9% during the fourth quarter. Aperio Group LLC now owns 10,187 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 1,617 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of OneMain by 50.2% during the fourth quarter. SG Americas Securities LLC now owns 6,338 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 2,119 shares in the last quarter. Rhumbline Advisers lifted its position in shares of OneMain by 4.4% during the fourth quarter. Rhumbline Advisers now owns 50,293 shares of the financial services provider’s stock worth $1,307,000 after acquiring an additional 2,132 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of OneMain by 19.9% during the fourth quarter. State of Wisconsin Investment Board now owns 12,987 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Sippican Capital Advisors lifted its position in shares of OneMain by 7.5% during the fourth quarter. Sippican Capital Advisors now owns 35,772 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 2,507 shares in the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.

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About OneMain

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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