OneMain Holdings, Inc. (OMF) Downgraded by Zacks Investment Research
OneMain Holdings, Inc. (NYSE:OMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “
OMF has been the subject of a number of other reports. Barclays PLC set a $30.00 price target on OneMain Holdings and gave the company a “hold” rating in a report on Friday, August 4th. Northland Securities reissued a “hold” rating and issued a $30.00 price target on shares of OneMain Holdings in a report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and issued a $30.00 price target on shares of OneMain Holdings in a report on Friday, July 14th. ValuEngine raised OneMain Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of OneMain Holdings in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. OneMain Holdings has an average rating of “Hold” and a consensus price target of $29.53.
Shares of OneMain Holdings (NYSE:OMF) opened at 28.24 on Thursday. The company has a market cap of $3.82 billion, a PE ratio of 30.33 and a beta of 2.84. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $31.70. The firm’s 50-day moving average is $27.38 and its 200-day moving average is $25.23.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08). OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The company had revenue of $569.00 million during the quarter, compared to analyst estimates of $631.92 million. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that OneMain Holdings will post $3.76 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in OMF. FMR LLC raised its stake in shares of OneMain Holdings by 7.9% during the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after buying an additional 789,858 shares during the period. Gruss Capital Management LP acquired a new position in shares of OneMain Holdings during the 2nd quarter worth approximately $17,483,000. Dimensional Fund Advisors LP raised its stake in shares of OneMain Holdings by 77.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after buying an additional 676,203 shares during the period. American Century Companies Inc. raised its stake in shares of OneMain Holdings by 73.5% during the 2nd quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after buying an additional 277,433 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of OneMain Holdings by 4.8% during the 1st 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 period. 95.68% of the stock is owned by institutional investors and hedge funds.
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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