OneMain Holdings Inc (OMF) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 34 from a previous price target of $35 . Barclays advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on OneMain Holdings Inc. Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 34 from a previous price target of $35 .Barclays Resumed OneMain Holdings Inc on Feb 26, 2016 to “Overweight”, Price Target of the shares are set at $35.Shares were Downgraded by Compass Point on Feb 26, 2016 to ” Neutral” and Lowered the Price Target to $ 30 from a previous price target of $64 .
On the company’s financial health, OneMain Holdings Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.52. The company had revenue of $684.00 million for the quarter, compared to analysts expectations of $658.71 million. The company’s revenue was up 65.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
In a different news, on Mar 2, 2016, Scott T Parker (CFO) purchased 12,500 shares at $24.28 per share price. According to the SEC, on Mar 2, 2016, Bradford D. Borchers (EVP) purchased 2,000 shares at $24.50 per share price. On Mar 2, 2016, Robert Hurzeler (EVP, Auto Lending) purchased 2,500 shares at $23.65 per share price, according to the Form-4 filing with the securities and exchange commission.
OneMain Holdings Inc. formerly Springleaf Holdings Inc. (SHI) is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing and Real Estate. The Company originates and services secured and unsecured personal loans and offer voluntary credit insurance and related products through its branch network and its centralized operations. The Company pursues strategic acquisitions of loan portfolios through its Springleaf Acquisitions division. Springleaf Finance Inc. (SFI) is the subsidiary of the Company. SFI’s subsidiary is Springleaf Finance Corporation (SFC) which is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses.