OneMain (NYSE:OMF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of OneMain (NYSE:OMF) from a hold rating to a sell rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “

OMF has been the topic of a number of other research reports. Northland Securities assumed coverage on shares of Enphase Energy in a research report on Wednesday, June 26th. They set an outperform rating and a $24.00 target price on the stock. Wedbush reaffirmed an outperform rating and set a $124.00 target price on shares of New Relic in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. OneMain currently has a consensus rating of Hold and a consensus target price of $39.25.

NYSE:OMF opened at $34.59 on Wednesday. OneMain has a 12 month low of $22.47 and a 12 month high of $37.29. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41. The company has a 50 day moving average price of $32.38.

OneMain (NYSE:OMF) last announced its earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.05. OneMain had a net margin of 11.73% and a return on equity of 19.22%. The business had revenue of $720.00 million for the quarter, compared to analyst estimates of $735.94 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Analysts expect that OneMain will post 5.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, May 28th. OneMain’s dividend payout ratio (DPR) is currently 19.76%.

A number of institutional investors have recently made changes to their positions in OMF. Global Retirement Partners LLC increased its holdings in OneMain by 96.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock valued at $26,000 after buying an additional 528 shares during the period. CWM LLC bought a new stake in OneMain in the 1st quarter valued at $79,000. Twin Tree Management LP increased its holdings in OneMain by 19.4% in the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock valued at $88,000 after buying an additional 451 shares during the period. Advisors Asset Management Inc. increased its holdings in OneMain by 211.5% in the 1st quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock valued at $152,000 after buying an additional 3,240 shares during the period. Finally, Quantamental Technologies LLC increased its holdings in OneMain by 49.1% in the 1st quarter. Quantamental Technologies LLC now owns 6,156 shares of the financial services provider’s stock valued at $195,000 after buying an additional 2,027 shares during the period. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

About OneMain

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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