Other research analysts have also issued reports about the company. Citigroup Inc. lowered OneMain Holdings from a buy rating to a neutral rating and lowered their price objective for the stock from $34.00 to $21.00 in a research report on Tuesday, November 8th. Barclays PLC lowered OneMain Holdings from an overweight rating to an equal weight rating and lowered their price objective for the stock from $36.00 to $19.00 in a research report on Thursday, November 10th. Northland Securities lowered OneMain Holdings from an outperform rating to a market perform rating and lowered their price objective for the stock from $38.50 to $25.00 in a research report on Wednesday, November 9th. FBR & Co downgraded OneMain Holdings from an outperform rating to a market perform rating and reduced their target price for the company from $40.00 to $26.00 in a research note on Tuesday, November 8th. Finally, Jefferies Group LLC restated a buy rating and issued a $30.00 target price on shares of OneMain Holdings in a research note on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. OneMain Holdings has an average rating of Hold and a consensus price target of $28.93.
Shares of OneMain Holdings (NYSE:OMF) traded up 9.34% during trading on Tuesday, reaching $26.69. The company’s stock had a trading volume of 4,007,990 shares. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $33.31. The company’s market cap is $3.60 billion. The firm’s 50-day moving average is $23.09 and its 200 day moving average is $26.04.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.01. OneMain Holdings had a positive return on equity of 19.47% and a negative net margin of 0.44%. During the same period in the prior year, the business earned $0.77 earnings per share. On average, equities research analysts predict that OneMain Holdings will post $3.69 EPS for the current fiscal year.
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In other OneMain Holdings news, EVP David P. Hogan bought 4,810 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average price of $20.79 per share, for a total transaction of $99,999.90. Following the purchase, the executive vice president now directly owns 116,602 shares of the company’s stock, valued at $2,424,155.58. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 57.81% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of OneMain Holdings by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,291 shares of the company’s stock worth $288,000 after buying an additional 57 shares during the last quarter. Pacer Advisors Inc. boosted its stake in OneMain Holdings by 7.5% in the third quarter. Pacer Advisors Inc. now owns 5,777 shares of the company’s stock worth $179,000 after buying an additional 402 shares during the period. BlackRock Inc. boosted its stake in OneMain Holdings by 3.2% in the third quarter. BlackRock Inc. now owns 16,544 shares of the company’s stock worth $512,000 after buying an additional 510 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in OneMain Holdings by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,237 shares of the company’s stock worth $1,511,000 after buying an additional 856 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in OneMain Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,488 shares of the company’s stock worth $194,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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