OneMain (NYSE:OMF) Downgraded by ValuEngine

ValuEngine cut shares of OneMain (NYSE:OMF) from a hold rating to a sell rating in a research note released on Friday, ValuEngine reports.

Other analysts also recently issued research reports about the company. Northland Securities upgraded OneMain from a market perform rating to an outperform rating and boosted their price target for the company from $38.00 to $40.00 in a research note on Wednesday, June 26th. Compass Point boosted their price objective on OneMain from $42.00 to $50.00 and gave the company a buy rating in a report on Wednesday, July 31st. Zacks Investment Research raised OneMain from a hold rating to a buy rating and set a $46.00 price objective for the company in a report on Friday, August 2nd. Barclays reissued a hold rating on shares of OneMain in a report on Sunday, August 4th. Finally, Piper Jaffray Companies set a $48.00 price objective on OneMain and gave the company a buy rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. OneMain has an average rating of Buy and an average target price of $41.27.

Shares of NYSE OMF opened at $37.80 on Friday. The business has a fifty day simple moving average of $36.54 and a two-hundred day simple moving average of $33.58. The firm has a market cap of $5.03 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.61 and a beta of 2.44. OneMain has a twelve month low of $22.47 and a twelve month high of $43.28.



OneMain (NYSE:OMF) last issued its earnings results on Monday, July 29th. The financial services provider reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.27. OneMain had a return on equity of 19.99% and a net margin of 15.98%. The business had revenue of $762.00 million during the quarter, compared to analyst estimates of $743.08 million. During the same period in the previous year, the company posted $1.18 EPS. On average, equities research analysts anticipate that OneMain will post 6.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, August 26th. OneMain’s payout ratio is 19.76%.

A number of large investors have recently made changes to their positions in OMF. Global Retirement Partners LLC lifted its holdings in OneMain by 33.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock worth $45,000 after buying an additional 355 shares in the last quarter. Zebra Capital Management LLC lifted its position in OneMain by 5.6% in the 2nd quarter. Zebra Capital Management LLC now owns 8,253 shares of the financial services provider’s stock worth $279,000 after buying an additional 437 shares in the last quarter. Twin Tree Management LP increased its stake in shares of OneMain by 19.4% during the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 451 shares during the last quarter. Cadence Capital Management LLC grew its stake in OneMain by 2.4% in the 1st quarter. Cadence Capital Management LLC now owns 36,716 shares of the financial services provider’s stock valued at $1,166,000 after buying an additional 868 shares during the last quarter. Finally, EJF Capital LLC grew its stake in OneMain by 1.3% in the 2nd quarter. EJF Capital LLC now owns 70,066 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

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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Analyst Recommendations for OneMain (NYSE:OMF)

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