OneMain Holdings Inc (NYSE:OMF) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.90.
A number of equities analysts have recently weighed in on the company. ValuEngine cut OneMain from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. Barclays set a $34.00 target price on OneMain and gave the company a “hold” rating in a report on Friday, December 14th. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, December 19th. JPMorgan Chase & Co. upgraded OneMain from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $34.50 to $32.00 in a report on Wednesday, January 16th. Finally, JMP Securities increased their price target on OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 13th.
A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of OneMain in the fourth quarter worth about $40,862,000. Toscafund Asset Management LLP acquired a new stake in OneMain during the third quarter valued at approximately $37,475,000. Clearbridge Investments LLC raised its position in shares of OneMain by 48.0% during the 3rd quarter. Clearbridge Investments LLC now owns 2,058,533 shares of the financial services provider’s stock worth $69,187,000 after purchasing an additional 667,296 shares during the period. Prudential Financial Inc. raised its position in shares of OneMain by 87.9% during the 4th quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock worth $33,147,000 after purchasing an additional 638,277 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of OneMain by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock worth $83,806,000 after purchasing an additional 423,499 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.
OneMain (NYSE:OMF) last announced its earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.06. OneMain had a return on equity of 19.23% and a net margin of 11.30%. The business had revenue of $882.00 million during the quarter, compared to the consensus estimate of $730.46 million. As a group, sell-side analysts forecast that OneMain will post 5.65 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 26th were paid a $0.25 dividend. The ex-dividend date was Monday, February 25th. OneMain’s payout ratio is currently 19.76%.
OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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