Today, OneMain Holdings Inc. (OMF) Decreased to “Neutral” at Janney Montgomery Scott

Today, OneMain Holdings Inc. (OMF) Decreased to “Neutral” at Janney Montgomery Scott
OneMain Holdings Inc. (NYSE:OMF) was downgraded by stock analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $30.00 target price on the stock, down from their prior target price of $65.00. Janney Montgomery Scott’s target price would indicate a potential upside of 50.00% from the company’s current price.

A number of other brokerages also recently issued reports on OMF. Zacks Investment Research upgraded OneMain Holdings from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, October 11th. Wedbush assumed coverage on OneMain Holdings in a research report on Monday, October 10th. They issued an “outperform” rating and a $45.00 price objective on the stock. Credit Suisse Group AG reiterated a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. JPMorgan Chase & Co. assumed coverage on OneMain Holdings in a research report on Monday, September 12th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, Stephens assumed coverage on OneMain Holdings in a research report on Tuesday, November 1st. They issued an “equal weight” rating and a $37.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. OneMain Holdings currently has a consensus rating of “Hold” and an average target price of $29.75.

Shares of OneMain Holdings (NYSE:OMF) traded down 2.44% on Tuesday, hitting $20.00. The stock had a trading volume of 432,925 shares. The firm’s market capitalization is $2.70 billion. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $49.56. The firm has a 50 day moving average of $25.62 and a 200-day moving average of $27.81.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ 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 period in the previous year, the company posted $0.36 earnings per share. Equities analysts predict that OneMain Holdings will post $3.70 earnings per share for the current year.

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

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

OneMain Holdings Company Profile

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