Wells Fargo analyst Michael Kaye maintained a Hold rating on OneMain Holdings (OMF – Research Report) yesterday. The company’s shares closed yesterday at $48.24.
According to TipRanks, Kaye is a 5-star analyst with an average return of 30.6% and a 71.05% success rate. Kaye covers the Financial sector, focusing on stocks such as SLM, OneMain Holdings, and PennyMac Financial.
Currently, the analyst consensus on OneMain Holdings is a Moderate Buy with an average price target of $52.31.
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Based on OneMain Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.06 billion and a net profit of $103 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $208 million
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OneMain Holdings (OMF) Company Description:
OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following the Consumer and Insurance, and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-orginating operations. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.
Read More on OMF:
- OneMain appoints Jenny Osterhout as CFO and Micah Conrad as COO
- OneMain price target lowered to $54 from $55 at Compass Point
- OneMain price target lowered to $62 from $68 at Deutsche Bank
- OneMain price target lowered to $54 from $57 at TD Cowen
- OneMain price target lowered to $57 from $61 at Stephens
