Wedbush started coverage on shares of OneMain Holdings Inc. (NYSE:OMF) in a research note issued to investors on Monday. The firm set an “outperform” rating and a $45.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 49.35% from the company’s previous close.
A number of other research analysts also recently commented on OMF. Zacks Investment Research downgraded OneMain Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of OneMain Holdings in a report on Sunday, July 10th. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 target price on shares of OneMain Holdings in a report on Friday, July 15th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. started coverage on OneMain Holdings in a report on Monday, September 12th. They set an “overweight” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.20.
Shares of OneMain Holdings (NYSE:OMF) opened at 30.13 on Monday. The stock’s 50 day moving average price is $30.44 and its 200 day moving average price is $28.60. OneMain Holdings has a 12 month low of $18.55 and a 12 month high of $51.39. The firm’s market cap is $4.06 billion.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same period in the previous year, the company posted $0.38 earnings per share. Equities research analysts predict that OneMain Holdings will post $4.25 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in OMF. Wellington Management Group LLP boosted its stake in shares of OneMain Holdings by 26.6% in the first quarter. Wellington Management Group LLP now owns 11,676,187 shares of the company’s stock worth $320,278,000 after buying an additional 2,451,066 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of OneMain Holdings by 45.9% in the second quarter. Alliancebernstein L.P. now owns 7,252,736 shares of the company’s stock worth $165,507,000 after buying an additional 2,280,486 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of OneMain Holdings by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,706,353 shares of the company’s stock worth $84,579,000 after buying an additional 155,700 shares during the last quarter. Omega Advisors Inc. boosted its stake in shares of OneMain Holdings by 2.1% in the second quarter. Omega Advisors Inc. now owns 3,220,063 shares of the company’s stock worth $73,482,000 after buying an additional 64,984 shares during the last quarter. Finally, Key Colony Management LLC boosted its stake in shares of OneMain Holdings by 20.2% in the second quarter. Key Colony Management LLC now owns 1,320,170 shares of the company’s stock worth $30,126,000 after buying an additional 221,798 shares during the last quarter. Institutional investors and hedge funds own 99.17% 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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