OneMain Holdings Inc (NYSE:OMF) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,480,000 shares, a drop of 19.2% from the August 15th total of 3,070,000 shares. Based on an average daily volume of 882,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.9% of the shares of the company are sold short.
OMF has been the topic of several analyst reports. Wedbush dropped their price target on shares of OneMain from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Piper Sandler lowered their price target on OneMain from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Jefferies Financial Group restated a "buy" rating and issued a $45.00 price objective on shares of OneMain in a research report on Wednesday, June 17th. UBS Group increased their target price on OneMain from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of OneMain from $25.50 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. OneMain presently has an average rating of "Buy" and an average target price of $40.06.
OMF stock traded up $0.22 during midday trading on Wednesday, hitting $32.41. 668,854 shares of the company's stock were exchanged, compared to its average volume of 1,131,264. OneMain has a 1-year low of $12.21 and a 1-year high of $48.92. The business has a 50-day simple moving average of $29.88 and a two-hundred day simple moving average of $25.59. The stock has a market capitalization of $4.35 billion, a PE ratio of 7.00 and a beta of 2.42.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.58. OneMain had a net margin of 13.95% and a return on equity of 18.05%. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $771.63 million. During the same period in the previous year, the firm earned $1.62 EPS. Equities research analysts forecast that OneMain will post 3.52 earnings per share for the current fiscal year.
The business also recently announced a None dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were issued a $2.33 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a yield of 4.6%. OneMain's dividend payout ratio (DPR) is presently 19.64%.
Large investors have recently added to or reduced their stakes in the business. Asio Capital LLC purchased a new stake in shares of OneMain in the 2nd quarter valued at $25,000. FinTrust Capital Advisors LLC boosted its stake in shares of OneMain by 95.8% in the second quarter. FinTrust Capital Advisors LLC now owns 1,388 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 679 shares during the period. US Bancorp DE grew its holdings in shares of OneMain by 15,961.9% in the first quarter. US Bancorp DE now owns 3,373 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 3,352 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in OneMain during the 1st quarter worth approximately $110,000. Finally, Point72 Hong Kong Ltd lifted its holdings in OneMain by 268.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,852 shares of the financial services provider's stock worth $119,000 after buying an additional 3,534 shares in the last quarter. Institutional investors own 83.98% of the company's stock.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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