OneMain Holdings, Inc. (OMF) Downgraded by Zacks Investment Research to “Sell”

OneMain Holdings, Inc. (NYSE:OMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, October 5th.

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. “

A number of other analysts have also weighed in on OMF. Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a research note on Wednesday, August 9th. ValuEngine lowered shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.00 price objective on shares of OneMain Holdings in a research note on Friday, July 14th. Northland Securities restated a “hold” rating and set a $30.00 price target on shares of OneMain Holdings in a research report on Friday, August 4th. Finally, Barclays PLC set a $30.00 price target on shares of OneMain Holdings and gave the company a “hold” rating in a research report on Friday, August 4th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.76.

Shares of OneMain Holdings (NYSE OMF) opened at 30.38 on Thursday. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $33.39. The company has a market cap of $4.11 billion, a P/E ratio of 32.63 and a beta of 2.84. The stock’s 50 day moving average is $28.29 and its 200-day moving average is $25.51.

OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08). The business had revenue of $569.00 million during the quarter, compared to analyst estimates of $631.92 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. During the same quarter in the previous year, the company earned $0.96 EPS. On average, equities analysts forecast that OneMain Holdings will post $3.75 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Utah Retirement Systems grew its position in shares of OneMain Holdings by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 100 shares during the period. Pacer Advisors Inc. grew its position in shares of OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 204 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of OneMain Holdings by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 334 shares during the period. AQR Capital Management LLC grew its position in shares of OneMain Holdings by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock valued at $1,306,000 after purchasing an additional 506 shares during the period. Finally, Stifel Financial Corp grew its position in shares of OneMain Holdings by 5.1% in the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 95.64% 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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