OneMain Holdings, Inc. (OMF) Coverage Initiated at Citigroup Inc.
Citigroup Inc. began coverage on shares of OneMain Holdings, Inc. (NYSE:OMF) in a report published on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $35.00 price target on the financial services provider’s stock.
A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of OneMain Holdings from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of OneMain Holdings from a hold rating to a buy rating and set a $28.00 price target on the stock in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a buy rating and set a $30.00 price target on shares of OneMain Holdings in a research note on Friday, July 14th. DA Davidson reiterated a buy rating and set a $31.00 price target on shares of OneMain Holdings in a research note on Tuesday, July 18th. Finally, Stephens upgraded shares of OneMain Holdings from an equal weight rating to an overweight rating and upped their target price for the stock from $29.00 to $35.00 in a research report on Wednesday, August 23rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. OneMain Holdings presently has a consensus rating of Buy and an average target price of $30.76.
Shares of OneMain Holdings (NYSE OMF) traded up 1.30% during midday trading on Monday, reaching $31.11. The company’s stock had a trading volume of 186,050 shares. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $33.39. The company has a 50 day moving average of $28.69 and a 200-day moving average of $25.66. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 33.42 and a beta of 2.84.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $631.92 million. During the same quarter last year, the firm earned $0.96 earnings per share. Equities research analysts predict that OneMain Holdings will post $3.75 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in OMF. Phocas Financial Corp. grew its position in shares of OneMain Holdings by 4.5% in the second quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 8,330 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of OneMain Holdings by 35.8% in the second quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 4,650 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of OneMain Holdings in the second quarter valued at approximately $917,000. Cubist Systematic Strategies LLC acquired a new stake in shares of OneMain Holdings in the second quarter valued at approximately $132,000. Finally, Point72 Europe London LLP acquired a new stake in shares of OneMain Holdings in the second quarter valued at approximately $3,015,000. Institutional investors and hedge funds own 95.64% 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.
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