Capital Research & Management Co has recently announced that it has increased stake in OneMain Holdings Inc. (NYSE:OMF) by 0.04%. After grabbing 11.09 million shares, the institutional investor is now in possession of 4920.0 shares of the Financial Company. The new investment brought the stake of investor firm to 9.08% having worth around $427.82 million. Moreover, Brave Warrior Advisors LLC increased its share by 2.49 million to have a control over 5.38 million shares. And BlackRock Fund Advisors raised its holdings to 0.2 million shares by acquiring 4.31 million shares or 3.53% of the stake.
OneMain Holdings Inc. (OMF) concluded trading on 11/23/22 at a closing price of $38.26, with 0.5 million shares of worth about $19.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.40% during that period and on Wednesday the price saw a gain of about 0.58%. Currently the company’s common shares owned by public are about 123.35M shares, out of which, 116.95M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the OMF stock and their offered price forecasts bring an average price target of $47.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $60.00 and could fall to a lowest price of $36.00. The stock’s current price level is 19.45% above of average price target set by the analysts, while a rise to estimated low would result in loss of -6.28% for the stock. However, touching the estimated high of $60.00 would mean a gain of 36.23% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 311,231 shares in 21 of the transactions. In 19 selling transactions, insiders dumped 176,783 shares.
American Funds Fundamental Invest, Capital Income Builder, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in OneMain Holdings Inc. American Funds Fundamental Invest is currently holding 7.14 million shares of worth totaling $275.4 million. The company recently came buying 0.0 shares which brought its stake up to 5.84% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 3.31 million shares, have now control over 2.71% of the stake in the company. It holds 32005.0 shares of worth $127.66 million.
OneMain Holdings Inc. (NYSE: OMF) started trading at $38.01, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 38.49, or with a gain of 0.58%. Stock saw a price change of 3.04% in past 5 days and over the past one month there was a price change of 17.72%. Year-to-date (YTD), OMF shares are showing a performance of -23.54% which decreased to -25.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.77 but also hit the highest price of $55.50 during that period. The average intraday trading volume for OneMain Holdings Inc. shares is 1.44 million. The stock is currently trading 1.23% above its 20-day simple moving average (SMA20), while that difference is up 11.54% for SMA50 and it goes to -5.67% lower than SMA200.
Capital Research & Management Co acquired 11.09 million shares of OneMain Holdings Inc. having value of about $427.82 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 4920.0 shares in the company valued at close to $188239.2, or have control over 0.04% stake in the company. OneMain Holdings Inc. (NYSE: OMF) currently have 123.35M outstanding shares and institutions hold larger chunk of about 87.00% of that. Holding of mutual funds in the company is about 35.56% while other institutional holders and individual stake holders have control over 50.38% and 101.25% of the stake respectively.
The stock has a current market capitalization of $4.66B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 5.05, while it has posted earnings per share of $7.58 in the same period. Its PEG reads 0.25 while making debt-to-equity ratio of 6.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMF, volatility over the week remained 2.76% while standing at 4.37% over the month.
Analysts are in expectations that OneMain Holdings Inc. (OMF) stock would likely to be making an EPS of $1.59 in the current quarter, while forecast for next quarter EPS is $1.82 and it is $7.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.79 which is $1.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 82.50% while it is estimated to decrease by -3.96% in next year. EPS is likely to shrink at an annualized rate of 20.51% for next 5-years, compared to annual growth of 44.10% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the OneMain Holdings Inc. (OMF)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 15 Wall Street analysts, 11 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on July 13, 2022 offering an Equal weight rating for the stock and assigned a target price range of between $65 and $40 to it. On October 08, 2021, Deutsche Bank Initiated their recommendations, while on April 19, 2021, BMO Capital Markets Downgrade their ratings for the stock with a price target of $60. Stock get an Overweight rating from Barclays on December 10, 2020.