OneMain (OMF) Upgraded at Zacks Investment Research

OneMain (NYSE:OMF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, January 9th.

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. “

Other equities analysts have also issued reports about the stock. Citigroup assumed coverage on shares of OneMain in a report on Monday, October 16th. They issued a “neutral” rating and a $35.00 price objective on the stock. Bank of America set a $35.00 price objective on shares of OneMain and gave the company a “buy” rating in a report on Friday, October 13th. Northland Securities restated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Friday, November 3rd. BMO Capital Markets restated a “buy” rating on shares of OneMain in a report on Monday, November 6th. Finally, ValuEngine lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

Shares of OneMain (NYSE:OMF) opened at $33.37 on Tuesday. The firm has a market cap of $4,490.00, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.48 and a beta of 2.72. OneMain has a 52 week low of $21.72 and a 52 week high of $35.11.

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

In related news, Director Wesley R. Edens sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were 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 accessible through the SEC website. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,500,000 shares of company stock worth $474,250,000. 57.73% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of OneMain by 7.9% in the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock valued at $265,004,000 after acquiring an additional 789,858 shares during the period. Vanguard Group Inc. grew its position in shares of OneMain by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after acquiring an additional 172,224 shares during the period. Dimensional Fund Advisors LP grew its position in shares of OneMain by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after acquiring an additional 344,126 shares during the period. Brandywine Global Investment Management LLC grew its position in shares of OneMain by 6.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock valued at $39,641,000 after acquiring an additional 102,652 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in shares of OneMain by 5.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock valued at $37,043,000 after acquiring an additional 72,821 shares during the period. 95.84% of the stock is owned by institutional investors.

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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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