OneMain Holdings, Inc. (NYSE:OMF) Short Interest Update

OneMain Holdings, Inc. (NYSE:OMF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,000,766 shares, a drop of 19.0% from the December 31st total of 4,937,904 shares. Based on an average trading volume of 1,276,447 shares, the short-interest ratio is presently 3.1 days. Currently, 3.4% of the company’s shares are short sold. Currently, 3.4% of the company’s shares are short sold. Based on an average trading volume of 1,276,447 shares, the short-interest ratio is presently 3.1 days.

Insider Buying and Selling

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the completion of the transaction, the chief operating officer owned 88,221 shares in the company, valued at approximately $5,222,683.20. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares in the company, valued at approximately $11,910,181. This represents a 24.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 63,152 shares of company stock worth $4,269,999. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of OneMain

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of OneMain in the 3rd quarter valued at $26,000. Activest Wealth Management boosted its position in OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 529 shares in the last quarter. Bayforest Capital Ltd grew its stake in OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 262 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in OneMain in the third quarter worth about $46,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OMF. Evercore ISI set a $75.00 price target on OneMain in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Barclays lifted their target price on OneMain from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Finally, Citizens Jmp reduced their price target on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $72.33.

OneMain Stock Down 2.0%

NYSE:OMF traded down $1.28 during mid-day trading on Tuesday, reaching $64.09. The company’s stock had a trading volume of 1,435,805 shares, compared to its average volume of 1,294,716. OneMain has a 1 year low of $38.00 and a 1 year high of $71.93. The stock has a fifty day moving average of $66.55 and a 200-day moving average of $61.25. The firm has a market capitalization of $7.54 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted $1.31 EPS. On average, analysts expect that OneMain will post 6.46 earnings per share for the current year.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.