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Friday, December 2, 2022

Value Investing Philosophy And OneMain Holdings Inc. (NYSE: OMF)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for OneMain Holdings Inc. (OMF) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.66, or +5.34%, to $32.74. Volume reached 24,088 shares, with price reaching a high of $32.97 and a low of $32.65. Recently, Yahoo Finance discussed the stock, revealing that OneMain Holdings Announces Date of Third Quarter 2022 Earnings Release and Conference Call.


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Stocks Info

OMF belongs to the Financial sector of the NYSE while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $32.97 and fluctuated between $32.99 as its day high and $31.63 as its day low. The current market capitalization of OneMain Holdings Inc. is $4.10B. A total of 1.54 million shares were traded on the day, compared to an average of 1.32M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OMF has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,150 and the disposition of 13,826 shares. Over the last 12 months, there were 25 BUYs and 18 SELLs from insiders. Insiders purchased 314,919 shares during that period but sold 5,110,878.

In the most recent transaction, Shulman Douglas H. bought 1,150 shares of OMF for 37.08 per share on Aug 01. After the transaction, the President & CEO now owns 337,936 company shares. In a previous transaction on May 20, Shulman Douglas H. bought 1,000 shares at 40.23 per share. OMF shares that President and CEO owns now total 349,612.

Among the insiders who bought shares, Shulman Douglas H. acquired of 2,500 shares on May 10 at a per-share price of $40.64. This resulted in the President and CEO holding 348,612 shares of OMF after the transaction. In another insider transaction, Shulman Douglas H. bought 500 shares at $42.35 per share on Mar 08. Company shares held by the President and CEO now total 346,112.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. OneMain Holdings Inc. pays an annual dividend of $3.80, resulting in a dividend yield of 11.53%, and it has a price to earnings (P/E) ratio of 4.01. OMF’s most recent ex-dividend date was 08/05/2022 when it declared a $0.95 quarterly dividend that was paid in cash on 08/12/2022. Previously, the company paid the dividend on 05/13/2022 with an ex-dividend date of 05/06/2022. The dividend was $0.95 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for OMF in the last 3 months, the mean price target is $50.57 with high estimates of $67.00 and low estimates of $36.00. In terms of 52-week highs and lows, OMF has a high of $60.38 and a low of $28.77.

As of this writing, OMF has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.87 per share and a lower estimate of $1.07. The company reported an EPS of $1.87 in the last quarter, which was -1.58% lower than expectations of $1.9.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OMF is Underweight with a score of 4.55. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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