Trading Report: Today, OneMain Holdings Inc. (OMF) Cut to “Market Perform” at Keefe, Bruyette & Woods

Today, OneMain Holdings Inc. (OMF) Cut to “Market Perform” at Keefe, Bruyette & Woods

OneMain Holdings Inc. (NYSE:OMF) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday. They presently have a $24.00 price target on the stock, down from their prior price target of $41.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 20.00% from the company’s current price.

OMF has been the subject of several other research reports. Stephens initiated coverage on shares of OneMain Holdings in a research report on Tuesday, November 1st. They issued an “equal weight” rating and a $37.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of OneMain Holdings in a research report on Monday, September 12th. They issued an “overweight” rating and a $38.00 price target for the company. Zacks Investment Research lowered shares of OneMain Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Bank of America Corp. lowered shares of OneMain Holdings from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $35.00 to $21.00 in a research report on Tuesday, November 8th. Finally, FBR & Co cut shares of OneMain Holdings from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $40.00 to $26.00 in a research note on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently 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 midday trading on Tuesday, reaching $20.00. The company had a trading volume of 432,925 shares. The firm’s 50 day moving average price is $25.62 and its 200-day moving average price is $27.81. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $49.56. The company’s market capitalization is $2.70 billion.

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

In other OneMain Holdings news, EVP David P. Hogan acquired 4,810 shares of OneMain Holdings stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $20.79 per share, with a total value of $99,999.90. Following the completion of the purchase, the executive vice president now owns 116,602 shares in the company, valued at $2,424,155.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anahaita N. Kotval acquired 5,000 shares of OneMain Holdings stock in a transaction on Thursday, November 10th. The stock was acquired at an average cost of $17.41 per share, for a total transaction of $87,050.00. Following the completion of the purchase, the director now owns 18,797 shares of the company’s stock, valued at approximately $327,255.77. The disclosure for this purchase can be found here. 57.81% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. acquired a new position in shares of OneMain Holdings during the second quarter worth about $922,000. Fox Run Management L.L.C. acquired a new position in shares of OneMain Holdings during the second quarter worth about $322,000. Barnett & Company Inc. boosted its position in shares of OneMain Holdings by 18.8% in the first quarter. Barnett & Company Inc. now owns 59,920 shares of the company’s stock worth $1,644,000 after buying an additional 9,500 shares during the last quarter. Seven Eight Capital LLC boosted its position in shares of OneMain Holdings by 3,359.6% in the first quarter. Seven Eight Capital LLC now owns 17,298 shares of the company’s stock worth $474,000 after buying an additional 16,798 shares during the last quarter. Finally, Ulysses Management LLC acquired a new position in shares of OneMain Holdings during the first quarter worth about $1,098,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Holdings Company Profile

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