OneMain Holdings Inc (OMF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of OneMain Holdings Inc (NYSE:OMF) have received an average rating of “Hold” from the eighteen ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $26.79.

Several equities research analysts have recently weighed in on the company. Wedbush upgraded OneMain Holdings from a “neutral” rating to an “outperform” rating and upped their price target for the company from $30.00 to $35.00 in a research report on Wednesday, February 15th. TheStreet upgraded shares of OneMain Holdings from a “d” rating to a “c-” rating in a research report on Monday, February 13th. Compass Point upgraded shares of OneMain Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $31.00 in a research report on Tuesday, February 14th. Jefferies Group LLC restated a “buy” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research report on Tuesday, February 14th. Finally, BMO Capital Markets restated a “buy” rating and issued a $30.00 price objective on shares of OneMain Holdings in a research report on Tuesday, April 11th.

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Shares of OneMain Holdings (NYSE:OMF) traded down 0.78% on Monday, reaching $24.11. 544,090 shares of the company traded hands. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $33.31. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 15.16 and a beta of 2.70. The stock has a 50 day moving average of $25.35 and a 200 day moving average of $24.75.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Monday, February 13th. The financial services provider reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.01. OneMain Holdings had a net margin of 6.46% and a return on equity of 18.93%. The company had revenue of $567 million for the quarter, compared to the consensus estimate of $653.08 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, analysts expect that OneMain Holdings will post $3.78 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in OneMain Holdings by 7.5% in the third quarter. Pacer Advisors Inc. now owns 5,777 shares of the financial services provider’s stock worth $179,000 after buying an additional 402 shares during the period. Reliance Trust Co. of Delaware bought a new stake in OneMain Holdings during the third quarter worth $215,000. M&T Bank Corp bought a new stake in OneMain Holdings during the third quarter worth $223,000. First Mercantile Trust Co. bought a new stake in OneMain Holdings during the third quarter worth $267,000. Finally, PNC Financial Services Group Inc. raised its stake in OneMain Holdings by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,291 shares of the financial services provider’s stock worth $288,000 after buying an additional 57 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:OMF

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