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Wednesday, February 1, 2023

OneMain Holdings Inc. (OMF) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to 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 $0.08, or 0.23%, to $34.50. The OneMain Holdings Inc. has recorded 25,382 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that OneMain Holdings, Inc. Reports Third Quarter 2022 Results.

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Stocks Info

OneMain Holdings Inc. is listed on the NYSE in the Financial sector while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $34.42 and fluctuated between $34.47 as its day high and $33.34 as its day low. The current market capitalization of OneMain Holdings Inc. is $4.21B. A total of 0.96 million shares were traded on the day, compared to an average of 1.27M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OMF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 19 SELLs from insiders. Insiders purchased 297,296 shares during that period but sold 176,783.

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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. OneMain Holdings Inc. pays an annual dividend of $3.80, resulting in a dividend yield of 11.04%, and it has a price to earnings (P/E) ratio of 4.54. OMF’s most recent ex-dividend date was 11/4/2022 when it declared a $0.95 quarterly dividend that was paid in cash on 11/14/2022. Previously, the company paid the dividend on 8/12/2022 with an ex-dividend date of 8/5/2022. The OMF stock dividend was $0.95 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OMF in the last 3 months, the mean price target is $46.50 with high estimates of $60.00 and low estimates of $36.00. In terms of 52-week highs and lows, OMF has a high of $55.50 and a low of $28.77.

As of this writing, OMF has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.89 per share and a lower estimate of $0.79. The company reported an EPS of $1.87 in the last quarter, which was -5.10% lower than expectations of $1.97.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

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. 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 4.58. 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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