OneMain Holdings Inc (NYSE: OMF) is 10.71% higher on its value in year-to-date trading and has touched a low of $36.52 and a high of $54.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OMF stock was last observed hovering at around $51.18 in the last trading session, with the day’s gains setting it 3.29%.
Currently trading at $54.47, the stock is 13.05% and 15.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 6.43% at the moment leaves the stock 12.82% off its SMA200. OMF registered 43.76% gain for a year compared to 6-month loss of 5.46%. The firm has a 50-day simple moving average (SMA 50) of $47.2102 and a 200-day simple moving average (SMA200) of $48.2399.
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The stock witnessed a 19.01% gain in the last 1 month and extending the period to 3 months gives it a 18.90%, and is 4.91% up 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 3.34% over the week and 2.81% over the month.
OneMain Holdings Inc (OMF) has around 9100 employees, a market worth around $6.50B and $5.60B in sales. Current P/E ratio is 11.94 and Fwd P/E is 7.85. Profit margin for the company is 9.79%. Distance from 52-week low is 49.15% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (2.25%).
The EPS is expected to shrink by -9.62% this year
500.0 institutions hold shares in OneMain Holdings Inc (OMF), with institutional investors hold 88.70% of the company’s shares. The shares outstanding are 119.76M, and float is at 118.61M with Short Float at 4.38%. Institutions hold 88.35% 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 Shulman Douglas H., the company’s President & CEO. SEC filings show that Shulman Douglas H. sold 5,000 shares of the company’s common stock on Oct 30 ’24 at a price of $53.00 per share for a total of $0.27 million. Following the sale, the insider now owns 0.41 million shares.
OneMain Holdings Inc disclosed in a document filed with the SEC on Oct 30 ’24 that Conrad Micah R. (EVP & COO) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Oct 30 ’24 and was made at $52.00 per share for $0.13 million. Following the transaction, the insider now directly holds 0.1 million shares of the OMF stock.
Still, SEC filings show that on Oct 30 ’24, Hedlund Michael A (pao, SVP and Group Controller) disposed off 1,992 shares at an average price of $52.00 for $0.1 million. The insider now directly holds 18,955 shares of OneMain Holdings Inc (OMF).
