Taking the lead: OneMain Holdings Inc. (OMF)

OneMain Holdings Inc. (NYSE: OMF) stock fell -1.70% on Wednesday to $37.04 against a previous-day closing price of $37.68. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $37.56 whereas the lowest price it dropped to was $36.70. The 52-week range on OMF shows that it touched its highest point at $46.99 and its lowest point at $28.77 during that stretch. It currently has a 1-year price target of $51.77. With its current market cap of 4.55 billion, OMF has annualized dividend of $4.00 while the current yield stands at 10.80%. Beta for the stock currently stands at 1.69.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OMF was up-trending over the past week, with a rise of 0.33%, but this was down by -4.12% over a month. Three-month performance dropped to -14.77% while six-month performance fell -1.15%. The stock lost -11.96% in the past year, while it has gained 11.20% so far this year. A look at the trailing 12-month EPS for OMF yields 6.15 with Next year EPS estimates of 7.60. For the next quarter, that number is 1.32. This implies an EPS growth rate of -28.50% for this year and 23.11% for next year. EPS is expected to decline by -7.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.40%.

Float and Shares Shorts:

At present, 120.77 million OMF shares are outstanding with a float of 116.95 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.68 million, which was 3.05% higher than short shares on Mar 30, 2023. In addition to Mr. Douglas H. Shulman as the firm’s Chairman, Pres & CEO, Mr. Micah R. Conrad serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 92.75% of OMF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.60% of OMF, in contrast to 34.52% held by mutual funds. Shares owned by individuals account for 102.60%. As the largest shareholder in OMF with 10.01% of the stake, The Vanguard Group, Inc. holds 12,095,804 shares worth 12,095,804. A second-largest stockholder of OMF, Capital Research & Management Co, holds 8,832,621 shares, controlling over 7.31% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in OMF, holding 8,636,522 shares or 7.15% stake. With a 5.69% stake in OMF, the American Funds Fundamental Invest is the largest stakeholder. A total of 6,876,634 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.09% of OMF stock, is the second-largest Mutual Fund holder. It holds 3,731,527 shares valued at 143.18 million. Vanguard Small Cap Index Fund holds 2.62% of the stake in OMF, owning 3,160,929 shares worth 121.28 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OMF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OMF analysts setting a high price target of $62.00 and a low target of $41.00, the average target price over the next 12 months is $51.14. Based on these targets, OMF could surge 67.39% to reach the target high and rise by 10.69% to reach the target low. Reaching the average price target will result in a growth of 38.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded OMF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 309,205 while 112,394 shares were sold.

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