Compass Point Upgrades OneMain Holdings Inc to Buy with Price Target $31

Brokerage firm Compass Point Upgrades its rating on OneMain Holdings Inc(OMF). As per the latest information, Compass Point Raises the price target to $31 per share from a prior target of $20. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Compass Point was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 17, 2017, JP Morgan said it Downgrades its rating on OneMain Holdings Inc. According to the research note, JP Morgan Lowers the price target to $25 per share from a prior target of $29. The shares have been rated ‘Neutral’ by the firm. Deutsche Bank said it Initiates Coverage On OneMain Holdings Inc, according to a research note issued on Dec 14, 2016. In the research note, the firm Announces the price-target to $29 per share. The shares have been rated ‘Buy’ by the firm.

OneMain Holdings Inc (OMF) made into the market gainers list on Wednesdays trading session with the shares advancing 0.39% or 0.11 points. Due to strong positive momentum, the stock ended at $27.99, which is also near the day’s high of $28.39. The stock began the session at $27.81 and the volume stood at 4,85,948 shares. The 52-week high of the shares is $33.31 and the 52 week low is $16.03. The company has a current market capitalization of $3,772 M and it has 13,47,54,700 shares in outstanding.

OneMain Holdings Inc(OMF) last announced its earnings results on Feb 13, 2017 for Fiscal Year 2016 and Q4.Earnings per share were $0.8.

Several Insider Transactions has been reported to the SEC. On Nov 21, 2016, David P. Hogan (EVP, Analytics and Marketing) purchased 4,810 shares at $20.80 per share price.Also, On Nov 14, 2016, Timothy S Ho (EVP, Digital Operations) purchased 9,400 shares at $17.98 per share price.On Nov 14, 2016, John Charles Anderson (EVP) purchased 20,000 shares at $18.06 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.

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