Jefferies Group LLC Reaffirms “Buy” Rating for OneMain Holdings, Inc. (OMF)

Jefferies Group LLC restated their buy rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a report published on Wednesday. The brokerage currently has a $39.00 price objective on the financial services provider’s stock, up from their previous price objective of $30.00. Jefferies Group also issued estimates for OneMain Holdings’ Q3 2017 earnings at $1.01 EPS, Q4 2017 earnings at $1.18 EPS, FY2017 earnings at $3.76 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $0.90 EPS and FY2018 earnings at $4.35 EPS.

A number of other research analysts have also weighed in on OMF. ValuEngine lowered shares of OneMain Holdings from a strong-buy rating to a buy rating in a research note on Friday, July 14th. Northland Securities reiterated a hold rating and issued a $30.00 price objective on shares of OneMain Holdings in a research note on Friday, August 4th. Zacks Investment Research lowered shares of OneMain Holdings from a buy rating to a hold rating in a research note on Saturday, August 5th. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the company a hold rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $28.00 price objective on shares of OneMain Holdings in a research note on Friday, July 14th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. OneMain Holdings presently has a consensus rating of Hold and a consensus target price of $29.06.

Shares of OneMain Holdings (NYSE:OMF) traded up 0.93% during midday trading on Wednesday, reaching $27.09. The company had a trading volume of 349,551 shares. OneMain Holdings has a one year low of $16.03 and a one year high of $32.28. The firm has a market capitalization of $3.67 billion, a P/E ratio of 29.10 and a beta of 2.85. The company has a 50 day moving average price of $25.86 and a 200-day moving average price of $24.81.

OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The business had revenue of $569 million during the quarter, compared to analysts’ expectations of $631.92 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, analysts anticipate that OneMain Holdings will post $3.76 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Utah Retirement Systems raised its position in OneMain Holdings by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock worth $239,000 after buying an additional 100 shares during the period. Pacer Advisors Inc. raised its position in OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after buying an additional 204 shares during the period. Public Employees Retirement System of Ohio raised its position in OneMain Holdings by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock worth $323,000 after buying an additional 334 shares during the period. AQR Capital Management LLC raised its position in OneMain Holdings by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock worth $1,306,000 after buying an additional 506 shares during the period. Finally, Fox Run Management L.L.C. raised its position in OneMain Holdings by 5.3% in the first quarter. Fox Run Management L.L.C. now owns 19,895 shares of the financial services provider’s stock worth $494,000 after buying an additional 995 shares during the period. Hedge funds and other institutional investors own 95.31% 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)

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