Weekly Research Analysts’ Ratings Updates for OneMain (OMF)

A number of research firms have changed their ratings and price targets for OneMain (NYSE: OMF):

  • 8/2/2019 – OneMain was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. 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. “
  • 7/31/2019 – OneMain was given a new $56.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 7/31/2019 – OneMain was given a new $48.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 7/31/2019 – OneMain had its price target raised by analysts at Compass Point from $42.00 to $50.00. They now have a “buy” rating on the stock.
  • 7/30/2019 – OneMain was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $45.00 price target on the stock, up previously from $35.00.
  • 7/20/2019 – OneMain was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/16/2019 – OneMain was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $41.00 price target on the stock, up previously from $37.50.
  • 7/10/2019 – OneMain was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/4/2019 – OneMain was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 6/26/2019 – OneMain was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating. They now have a $40.00 price target on the stock, up previously from $38.00. They wrote, “We believe a couple catalysts exist for OMF. Credit has been trending better. Based on recent trust data from an unsecured trust closed in September 2017, net charge-offs have been relatively flat and declined in a point on the curve where previous OMF vintages had NCOs still climbing. We believe OMF overall is running slightly better than its net charge-off guidance of <6.5% for 2019. We believe 2Q19 earnings could see a slight beat. With a combination of conservative underwriting and secured lending now totaling 49% of the book, OMF is beginning to see some benefits. In addition, with unemployment trends and slightly better wages, this better credit trend could continue for the rest of 2019 and into 2020. We note 10 bps of net charge-offs higher or lower equals ~$0.10 +/- impact to EPS as OMF remains leveraged to credit trends."”

OneMain stock traded down $0.36 during mid-day trading on Friday, reaching $41.07. The stock had a trading volume of 29,356 shares, compared to its average volume of 461,772. The firm has a market cap of $5.73 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.41. The company’s 50-day moving average price is $34.34. OneMain Holdings Inc has a one year low of $22.47 and a one year high of $43.28.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.27. The company had revenue of $762.00 million for the quarter, compared to analysts’ expectations of $743.08 million. OneMain had a net margin of 15.98% and a return on equity of 20.44%. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, sell-side analysts predict that OneMain Holdings Inc will post 5.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, August 26th. OneMain’s payout ratio is 19.76%.

A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its stake in OneMain by 2.2% in the 2nd quarter. Swiss National Bank now owns 151,800 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 3,300 shares in the last quarter. Comerica Bank boosted its stake in OneMain by 7.1% in the 2nd quarter. Comerica Bank now owns 180,855 shares of the financial services provider’s stock worth $6,151,000 after purchasing an additional 12,062 shares in the last quarter. Stephens Inc. AR boosted its stake in OneMain by 123.6% in the 2nd quarter. Stephens Inc. AR now owns 28,507 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 15,759 shares in the last quarter. Stevens Capital Management LP boosted its stake in OneMain by 173.8% in the 2nd quarter. Stevens Capital Management LP now owns 35,555 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 22,570 shares in the last quarter. Finally, CWM LLC boosted its stake in OneMain by 3,328.1% in the 2nd quarter. CWM LLC now owns 85,703 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 83,203 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

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.

Read More: How is the LIBOR rate calculated?

Receive News & Ratings for OneMain Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.