OneMain Holdings Inc (NYSE:OMF) – Equities research analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for shares of OneMain in a research note issued to investors on Thursday. Jefferies Group analyst J. Hecht now expects that the financial services provider will post earnings per share of $1.20 for the quarter, up from their prior estimate of $1.15. Jefferies Group has a “Buy” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for OneMain’s Q4 2018 earnings at $1.24 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.36 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $5.46 EPS.
Several other research firms also recently issued reports on OMF. Compass Point raised OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Barclays reissued a “hold” rating and issued a $35.00 price target on shares of OneMain in a research note on Wednesday, December 13th. Bank of America raised OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, January 4th. BMO Capital Markets lifted their price target on OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. OneMain currently has a consensus rating of “Hold” and an average target price of $34.58.
Shares of OneMain (NYSE:OMF) opened at $33.01 on Friday. OneMain has a 12 month low of $22.04 and a 12 month high of $36.32. The company has a market capitalization of $4,513.91, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.46 and a beta of 2.86.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $799.00 million for the quarter, compared to the consensus estimate of $798.70 million. OneMain had a return on equity of 15.18% and a net margin of 5.06%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.
In other news, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. Company insiders own 57.73% of the company’s stock.
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of OneMain by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares during the period. SG Americas Securities LLC bought a new stake in shares of OneMain during the third quarter worth approximately $119,000. Cubist Systematic Strategies LLC bought a new stake in shares of OneMain during the second quarter worth approximately $132,000. State of Alaska Department of Revenue bought a new stake in shares of OneMain during the fourth quarter worth approximately $142,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of OneMain during the fourth quarter worth approximately $164,000. Institutional investors own 95.99% of the company’s stock.
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OneMain Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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