OneMain Holdings, Inc. (OMF) Receives Hold Rating from Northland Securities

Northland Securities restated their hold rating on shares of OneMain Holdings, Inc. (NYSE:OMF) in a research report sent to investors on Friday, November 3rd. The brokerage currently has a $35.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently commented on the company. Compass Point downgraded OneMain Holdings from a buy rating to a neutral rating and set a $31.00 price objective for the company. in a report on Friday, November 3rd. Citigroup Inc. assumed coverage on OneMain Holdings in a report on Monday, October 16th. They issued a neutral rating and a $35.00 price objective for the company. Bank of America Corporation set a $35.00 price objective on OneMain Holdings and gave the company a buy rating in a report on Friday, October 13th. Zacks Investment Research upgraded OneMain Holdings from a sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded OneMain Holdings from a hold rating to a buy rating in a research note on Monday, October 2nd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $32.21.

OneMain Holdings (NYSE:OMF) traded up $0.05 during midday trading on Friday, reaching $24.87. The company had a trading volume of 541,222 shares, compared to its average volume of 633,340. OneMain Holdings has a twelve month low of $19.38 and a twelve month high of $33.39. The company has a market cap of $3,416.48, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.43 and a beta of 2.87.

OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The firm had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. OneMain Holdings had a return on equity of 14.15% and a net margin of 4.85%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. analysts anticipate that OneMain Holdings will post 3.52 EPS for the current fiscal year.

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In related news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 57.73% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in OneMain Holdings by 197.3% in the third 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 buying an additional 34,792 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in OneMain Holdings in the third quarter valued at about $296,000. Argent Capital Management LLC acquired a new stake in OneMain Holdings in the third quarter valued at about $1,600,000. Cubist Systematic Strategies LLC boosted its stake in OneMain Holdings by 83.3% in the third quarter. Cubist Systematic Strategies LLC now owns 9,863 shares of the financial services provider’s stock valued at $278,000 after buying an additional 4,483 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in OneMain Holdings by 1,353.1% in the third quarter. Point72 Asset Management L.P. now owns 303,700 shares of the financial services provider’s stock valued at $8,561,000 after buying an additional 282,800 shares in the last quarter. 96.59% of the stock is currently 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.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

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