Zacks Investment Research Lowers OneMain Holdings Inc (OMF) to Sell

OneMain Holdings Inc (NYSE:OMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, May 5th.

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. “

Other analysts also recently issued reports about the company. Deutsche Bank AG reiterated a “buy” rating on shares of OneMain Holdings in a research report on Sunday, January 8th. Jefferies Group LLC reiterated a “buy” rating and set a $30.00 target price on shares of OneMain Holdings in a research report on Tuesday, February 14th. Wedbush upgraded OneMain Holdings from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a research report on Wednesday, February 15th. TheStreet upgraded OneMain Holdings from a “d” rating to a “c-” rating in a research report on Monday, February 13th. Finally, Barclays PLC restated a “hold” rating and issued a $25.00 price objective on shares of OneMain Holdings in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.88.

Analyst Recommendations for OneMain Holdings (NYSE:OMF)

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $698 million during the quarter, compared to the consensus estimate of $773.82 million. OneMain Holdings had a return on equity of 18.93% and a net margin of 6.46%. OneMain Holdings’s revenue was down 23.1% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of OneMain Holdings by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,299 shares of the financial services provider’s stock valued at $17,717,000 after buying an additional 125,913 shares during the last quarter. Oxford Asset Management acquired a new position in shares of OneMain Holdings during the fourth quarter valued at $7,126,000. State Street Corp increased its position in shares of OneMain Holdings by 9.2% in the fourth quarter. State Street Corp now owns 645,039 shares of the financial services provider’s stock valued at $14,275,000 after buying an additional 54,241 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of OneMain Holdings by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,237 shares of the financial services provider’s stock valued at $1,511,000 after buying an additional 856 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of OneMain Holdings during the fourth quarter valued at $485,000. 98.31% of the stock is owned by institutional investors and hedge funds.

OneMain Holdings 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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