OneMain Holdings Inc (NYSE: OMF) is -6.36% lower on its value in year-to-date trading and has touched a low of $35.00 and a high of $54.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OMF stock was last observed hovering at around $47.05 in the last trading session, with the day’s loss setting it -0.98%.
Currently trading at $46.07, the stock is -0.97% and -1.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -2.08% at the moment leaves the stock -4.34% off its SMA200. OMF registered 25.53% gain for a year compared to 6-month loss of -10.21%. The firm has a 50-day simple moving average (SMA 50) of $46.8818 and a 200-day simple moving average (SMA200) of $48.16025.
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The stock witnessed a 0.35% gain in the last 1 month and extending the period to 3 months gives it a -12.16%, and is -4.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 2.24% over the month.
OneMain Holdings Inc (OMF) has around 9100 employees, a market worth around $5.52B and $5.48B in sales. Current P/E ratio is 9.48 and Fwd P/E is 6.65. Profit margin for the company is 10.67%. Distance from 52-week low is 31.63% and -16.14% from its 52-week high. The company has generated returns on investments over the last 12 months (2.46%).
OneMain Holdings Inc quarterly earnings per share for the current quarter are estimated at 1.14 with sales reaching $1.06B over the same period.The EPS is expected to shrink by -10.05% this year, but quarterly earnings will post 16.30% year-over-year.
501.0 institutions hold shares in OneMain Holdings Inc (OMF), with institutional investors hold 96.37% of the company’s shares. The shares outstanding are 119.76M, and float is at 119.02M with Short Float at 4.45%. Institutions hold 95.98% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.13 million shares valued at $588.3 million. The investor’s holdings represent 10.1248 of the OMF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.05 million shares valued at $487.53 million to account for 8.3905 of the shares outstanding. The other top investors are FMR LLC which holds 9.66 million shares representing 8.063 and valued at over $468.5 million, while CAPITAL INTERNATIONAL INVESTORS holds 7.08 of the shares totaling 8.48 million with a market value of $411.38 million.
OneMain Holdings Inc (OMF) Insider Activity
The most recent transaction is an insider sale by Hedlund Michael A, the company’s pao, SVP and Group Controller. SEC filings show that Hedlund Michael A sold 2,400 shares of the company’s common stock on Sep 19 ’24 at a price of $50.00 per share for a total of $0.12 million. Following the sale, the insider now owns 20947.0 shares.
OneMain Holdings Inc disclosed in a document filed with the SEC on Sep 19 ’24 that Conrad Micah R. (EVP & COO) sold a total of 886 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $50.00 per share for $44300.0. Following the transaction, the insider now directly holds 0.1 million shares of the OMF stock.
Still, SEC filings show that on Sep 19 ’24, Shulman Douglas H. (President & CEO) disposed off 5,000 shares at an average price of $50.00 for $0.25 million. The insider now directly holds 417,474 shares of OneMain Holdings Inc (OMF).
