OneMain Holdings Inc (OMF) is Initiated by JP Morgan to Overweight, Price Target at $38

OneMain Holdings Inc (OMF) was Initiated by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $38. JP Morgan advised their investors in a research report released on Sep 12, 2016.

Many Wall Street Analysts have commented on OneMain Holdings Inc. JP Morgan Initiated OneMain Holdings Inc on Sep 12, 2016 to “Overweight”, Price Target of the shares are set at $38.

On the company’s financial health, OneMain Holdings Inc reported $0.96 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.00.Analysts expectations of $ 767.51.During the same quarter in the previous year, the company posted $0.38 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.

OneMain Holdings Inc

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