Today: Today, OneMain Holdings Inc. (OMF) Cut to “Market Perform” at FBR & Co

Today, OneMain Holdings Inc. (OMF) Cut to “Market Perform” at FBR & Co

OneMain Holdings Inc. (NYSE:OMF) was downgraded by analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday. They presently have a $26.00 price objective on the stock, down from their prior price objective of $40.00. FBR & Co’s price target would suggest a potential upside of 30.00% from the company’s previous close.

Other analysts have also issued research reports about the stock. Wedbush assumed coverage on shares of OneMain Holdings in a research report on Monday, October 10th. They issued an “outperform” rating and a $45.00 target price on the stock. Zacks Investment Research upgraded shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Barclays PLC restated an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a research report on Friday, July 15th. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of OneMain Holdings in a report on Monday, September 12th. They set an “overweight” rating and a $38.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. OneMain Holdings has a consensus rating of “Hold” and a consensus price target of $29.75.

Shares of OneMain Holdings (NYSE:OMF) traded down 2.44% during trading on Tuesday, reaching $20.00. 432,925 shares of the company were exchanged. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $49.56. The firm’s market cap is $2.70 billion. The stock’s 50-day moving average is $25.62 and its 200-day moving average is $27.81.

OneMain Holdings (NYSE:OMF) last issued its earnings results on Monday, November 7th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by $0.17. OneMain Holdings had a negative net margin of 0.44% and a positive return on equity of 19.47%. During the same quarter last year, the business posted $0.36 earnings per share. Equities research analysts predict that OneMain Holdings will post $3.70 earnings per share for the current fiscal year.

In other OneMain Holdings news, Director Anahaita N. Kotval acquired 5,000 shares of OneMain Holdings stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of $17.41 per share, for a total transaction of $87,050.00. Following the completion of the acquisition, the director now directly owns 18,797 shares of the company’s stock, valued at $327,255.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay N. Levine acquired 50,000 shares of OneMain Holdings stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $18.37 per share, with a total value of $918,500.00. Following the completion of the acquisition, the insider now directly owns 3,080,000 shares of the company’s stock, valued at $56,579,600. The disclosure for this purchase can be found here. Corporate insiders own 57.81% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of OneMain Holdings during the third quarter worth about $116,000. Pacer Advisors Inc. boosted its position in shares of OneMain Holdings by 505.3% in the second quarter. Pacer Advisors Inc. now owns 5,375 shares of the company’s stock worth $122,000 after buying an additional 4,487 shares in the last quarter. Legal & General Group Plc boosted its position in shares of OneMain Holdings by 131.6% in the second quarter. Legal & General Group Plc now owns 7,625 shares of the company’s stock worth $174,000 after buying an additional 4,332 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of OneMain Holdings during the second quarter worth about $185,000. Finally, Teacher Retirement System of Texas boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

OneMain Holdings Company Profile

Related posts

Leave a Comment