OneMain Holdings, Inc. (OMF) PT Raised to $34.00 at BMO Capital Markets
OneMain Holdings, Inc. (NYSE:OMF) had its price target increased by equities researchers at BMO Capital Markets from $31.00 to $34.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 5.79% from the stock’s current price.
Several other brokerages also recently issued reports on OMF. Stephens raised OneMain Holdings from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $35.00 in a report on Wednesday, August 23rd. Citigroup Inc. started coverage on OneMain Holdings in a report on Monday, October 16th. They set a “neutral” rating and a $35.00 price target for the company. 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. Zacks Investment Research downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price target (up previously from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.29.
Shares of OneMain Holdings (OMF) traded down $0.47 during trading on Friday, reaching $32.14. The company’s stock had a trading volume of 686,974 shares, compared to its average volume of 676,187. OneMain Holdings has a fifty-two week low of $16.03 and a fifty-two week high of $33.39. The firm has a market cap of $4,348.61, a P/E ratio of 9.80 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The business had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts expect that OneMain Holdings will post 3.68 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of OMF. FMR LLC increased its position in shares of OneMain Holdings by 7.9% in the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after purchasing an additional 789,858 shares during the period. Vanguard Group Inc. increased its position in shares of OneMain Holdings by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after purchasing an additional 172,224 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of OneMain Holdings by 6.8% in the second quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after purchasing an additional 102,652 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneMain Holdings by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of OneMain Holdings by 1.3% in the second quarter. Wedge Capital Management L L P NC now owns 911,867 shares of the financial services provider’s stock worth $22,423,000 after purchasing an additional 11,970 shares during the period. Hedge funds and other institutional investors own 95.81% 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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