Trade Report: The Brokerages gives Consensus Recommendation of “Buy” to OneMain Holdings Inc. (NYSE:OMF)

The Brokerages gives Consensus Recommendation of “Buy” to OneMain Holdings Inc. (NYSE:OMF)

Shares of OneMain Holdings Inc. (NYSE:OMF) have received a consensus rating of “Buy” from the twelve research firms that are presently covering the company. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $38.86.

Several brokerages have weighed in on OMF. Credit Suisse Group AG reiterated a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. JPMorgan Chase & Co. started coverage on shares of OneMain Holdings in a report on Monday, September 12th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Investment Research raised shares of OneMain Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 15th. Barclays PLC reissued an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a report on Friday, July 15th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a report on Sunday, July 10th.

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised 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 valued at $320,278,000 after buying an additional 2,451,066 shares during the period. Alliancebernstein L.P. raised its stake in 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. Omega Advisors Inc. raised its stake in OneMain Holdings by 25.3% in the first quarter. Omega Advisors Inc. now owns 3,155,079 shares of the company’s stock worth $86,544,000 after buying an additional 636,979 shares during the last quarter. Basswood Capital Management L.L.C. raised its stake in OneMain Holdings by 179.9% in the second quarter. Basswood Capital Management L.L.C. now owns 717,701 shares of the company’s stock worth $16,378,000 after buying an additional 461,296 shares during the last quarter. Finally, Key Colony Management LLC raised its stake in 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. 99.17% of the stock is currently owned by institutional investors.

OneMain Holdings (NYSE:OMF) opened at 31.01 on Wednesday. OneMain Holdings has a 12 month low of $18.55 and a 12 month high of $51.39. The firm’s market capitalization is $4.18 billion. The stock’s 50 day moving average is $30.37 and its 200-day moving average is $28.54.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.04. OneMain Holdings had a positive return on equity of 17.89% and a negative net margin of 1.70%. During the same quarter last year, the firm posted $0.38 earnings per share. Equities analysts anticipate that OneMain Holdings will post $4.25 earnings per share for the current fiscal year.

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