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OneMain Holdings (OMF) Gets a Buy Rating from JMP Securities

In a report released today, David Scharf from JMP Securities maintained a Buy rating on OneMain Holdings (OMFResearch Report), with a price target of $58.00. The company’s shares closed last Wednesday at $39.75.

According to TipRanks.com, Scharf is a 5-star analyst with an average return of 13.3% and a 54.0% success rate. Scharf covers the Financial sector, focusing on stocks such as International Money Express, Enova International, and Regional Management.

Currently, the analyst consensus on OneMain Holdings is a Strong Buy with an average price target of $57.80, representing a 48.1% upside. In a report issued on July 13, J.P. Morgan also maintained a Buy rating on the stock with a $55.00 price target.

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Based on OneMain Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.03 billion and net profit of $301 million. In comparison, last year the company earned revenue of $963 million and had a net profit of $413 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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