OneMain (OMF) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of OneMain (NYSE:OMF) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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. Bank of America set a $35.00 price target on OneMain and gave the stock a buy rating in a report on Friday, October 13th. ValuEngine downgraded OneMain from a buy rating to a hold rating in a report on Tuesday, November 7th. Northland Securities reaffirmed a hold rating and set a $35.00 price target on shares of OneMain in a report on Friday, November 3rd. Compass Point downgraded OneMain from a buy rating to a neutral rating and set a $31.00 price target for the company. in a report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a buy rating on shares of OneMain in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $34.00.
OneMain (NYSE:OMF) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. equities research analysts expect that OneMain will post 3.52 EPS for the current year.
In other news, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 18,500,000 shares of company stock valued at $474,250,000 over the last three months. Company insiders own 57.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Polianta Ltd purchased a new stake in shares of OneMain in the 4th quarter valued at about $1,177,000. Public Employees Retirement System of Ohio lifted its holdings in shares of OneMain by 197.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,423 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 34,792 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of OneMain in the 3rd quarter valued at about $296,000. Argent Capital Management LLC purchased a new stake in shares of OneMain in the 3rd quarter valued at about $1,600,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of OneMain by 83.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 9,863 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 4,483 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.
OneMain 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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