OneMain Holdings, Inc. (OMF) Sees Unusually-High Trading Volume

OneMain Holdings, Inc. (NYSE:OMF) saw an uptick in trading volume on Monday . 3,185,830 shares changed hands during mid-day trading, an increase of 678% from the previous session’s volume of 409,457 shares.The stock last traded at $31.82 and had previously closed at $28.88.

A number of brokerages have issued reports on OMF. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 target price (up from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. ValuEngine cut shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. Stephens raised shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $29.00 to $35.00 in a report on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of OneMain Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. OneMain Holdings currently has a consensus rating of “Hold” and a consensus price target of $29.53.

The firm has a 50-day moving average price of $27.85 and a 200 day moving average price of $25.37. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 34.15 and a beta of 2.84.

OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The business had revenue of $569.00 million during the quarter, compared to the consensus estimate of $631.92 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Equities analysts predict that OneMain Holdings, Inc. will post $3.76 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of OneMain Holdings by 7.9% in the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after purchasing an additional 789,858 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of OneMain Holdings by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after purchasing an additional 172,224 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of OneMain Holdings by 6.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after purchasing an additional 102,652 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OneMain Holdings by 77.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of OneMain Holdings by 4.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,416,116 shares of the financial services provider’s stock worth $35,190,000 after purchasing an additional 58,933 shares in the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.

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About OneMain Holdings

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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