OneMain (NYSE:OMF) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
Other research analysts also recently issued reports about the stock. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, January 31st. UBS initiated coverage on shares of OneMain in a report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price target for the company. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, January 4th. Finally, Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.33.
Shares of OMF opened at $30.47 on Friday. OneMain has a one year low of $22.04 and a one year high of $36.32. The company has a market cap of $4,104.74, a price-to-earnings ratio of 8.61, a PEG ratio of 1.24 and a beta of 2.75.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $799.00 million during the quarter, compared to the consensus estimate of $798.70 million. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. equities research analysts anticipate that OneMain will post 4.87 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of OneMain in the third quarter worth $119,000. State of Alaska Department of Revenue bought a new stake in shares of OneMain in the fourth quarter worth $142,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of OneMain in the fourth quarter worth $164,000. Meadow Creek Investment Management LLC bought a new stake in shares of OneMain in the fourth quarter worth $199,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of OneMain in the fourth quarter worth $251,000. 94.34% of the stock is currently owned by institutional investors.
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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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