As of Wednesday, OneMain Holdings Inc.’s (NYSE:OMF) stock closed at $32.70, down from $33.83 the previous day. While OneMain Holdings Inc. has underperformed by -3.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OMF fell by -40.32%, with highs and lows ranging from $60.38 to $33.21, whereas the simple moving average fell by -26.42% in the last 200 days.
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On July 13, 2022, Wells Fargo Downgraded OneMain Holdings Inc. (NYSE: OMF) to Equal Weight. A report published by Seaport Research Partners on December 02, 2021, Initiated its previous ‘Neutral’ rating for OMF. Deutsche Bank also rated OMF shares as ‘Buy’, setting a target price of $75 on the company’s shares in an initiating report dated October 08, 2021. Barclays December 10, 2020d its ‘Equal Weight’ rating to ‘Overweight’ for OMF, as published in its report on December 10, 2020. RBC Capital Mkts’s report from March 20, 2020 suggests a price prediction of $35 for OMF shares, giving the stock a ‘Outperform’ rating. Wedbush also rated the stock as ‘Outperform’.
Analysis of OneMain Holdings Inc. (OMF)
Investors in OneMain Holdings Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.80 per share. Further, the quarter-over-quarter increase in sales is 3.30%, showing a positive trend in the upcoming months.
One of the most important indicators of OneMain Holdings Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 34.40% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and OMF is recording 1.23M average volume. On a monthly basis, the volatility of the stock is set at 3.27%, whereas on a weekly basis, it is put at 3.76%, with a loss of -5.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $51.93, showing growth from the present price of $32.70, which can serve as yet another indication of whether OMF is worth investing in or should be passed over.
How Do You Analyze OneMain Holdings Inc. Shares?
The Credit Services market is dominated by OneMain Holdings Inc. (OMF) based in the USA. When comparing OneMain Holdings Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.97, there is a growth in quarterly earnings of -35.50%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in OMF shares?
The recent increase in stakes in OMF appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in OMF has increased by 4.84% in the first quarter. The company now owns 12,893,819 shares of the stock, with a value of $450.38 million, following the purchase of 594,806 additional shares during the last quarter. Capital Research & Management Co made another increased to its shares in OMF during the first quarter, upping its stake by 12.67%. During the last quarter, the company dropped down 1,247,264 additional shares for a total stake of worth $387.38 million, bringing number of shares owned by the company to 11,090,050.
During the first quarter, Fidelity Management & Research Co subtracted a -857,189 position in OMF. BlackRock Fund Advisors purchased an additional 0.22 million shares in the last quarter, increasing its holdings by 5.56%, now holding 4.11 million shares worth $143.68 million. At the end of the first quarter, Janus Henderson Investors US LLC decreased its OMF holdings by -6.89% and now holds 3.1 million OMF shares valued at $108.44 million with the lessened -0.23 million shares during the period. OMF shares are owned by institutional investors to the tune of 84.80% at present.