OneMain Holdings, Inc. (NYSE:OMF)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research report issued on Tuesday, Marketbeat reports. They currently have a $31.00 price objective on the financial services provider’s stock. DA Davidson’s price objective suggests a potential upside of 18.68% from the stock’s previous close.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut OneMain Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a report on Friday, April 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.00 target price on shares of OneMain Holdings in a report on Thursday, May 25th. Bank of America Corporation upgraded OneMain Holdings from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Thursday, May 11th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a report on Tuesday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.94.
Shares of OneMain Holdings (NYSE:OMF) opened at 26.12 on Tuesday. The stock’s 50 day moving average price is $24.04 and its 200-day moving average price is $24.40. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $32.28. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 31.74 and a beta of 2.84.
OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The firm had revenue of $698 million during the quarter, compared to analysts’ expectations of $773.82 million. OneMain Holdings had a return on equity of 17.31% and a net margin of 3.16%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. On average, equities research analysts forecast that OneMain Holdings will post $3.79 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in OneMain Holdings by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock worth $105,091,000 after buying an additional 191,932 shares during the last quarter. Clearbridge Investments LLC boosted its position in OneMain Holdings by 4.3% in the first quarter. Clearbridge Investments LLC now owns 1,416,116 shares of the financial services provider’s stock worth $35,190,000 after buying an additional 58,933 shares during the last quarter. Omega Advisors Inc. boosted its position in OneMain Holdings by 10.3% in the first quarter. Omega Advisors Inc. now owns 944,057 shares of the financial services provider’s stock worth $23,460,000 after buying an additional 88,047 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in OneMain Holdings during the first quarter worth about $22,362,000. Finally, Dimensional Fund Advisors LP boosted its position in OneMain Holdings by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 867,924 shares of the financial services provider’s stock worth $21,570,000 after buying an additional 67,625 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.
About OneMain Holdings
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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