A Technical View of the OneMain Holdings Inc. (OMF)

OneMain Holdings Inc. (NYSE:OMF) saw an upside of 0.95% to close Tuesday at $57.22 after adding $0.54 on the day. The 5-day average trading volume is 968,100 shares of the company’s common stock. It has gained $57.89 in the past week. An average of 896,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,220,928.

OMF’s 1-month performance is 1.27% or $1.40 on its low of $53.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $30.18 and high of $60.51, with the stock’s rally to the 52-week high happening on 07/22/21. YTD, OMF has achieved 34.79% or $9.06. However, the current price is down -5.44%% from the 52-week high price.


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Insider Transactions

On Aug 16, 58 days have gone by since the last insider trading activity for OneMain Holdings Inc. (OMF). Apollo Management Holdings GP, (10% Owner) most recently sold 8,050,000 shares at $56.72 per share on Aug 16. This transaction cost the insider $456,596,000. 10% Owner, Apollo Management Holdings GP, sold 10,925,000 shares at a price of $58.36 on Aug 03. Then, on May 04, Hicks George G sold 1,901,638 shares at a price of $51.76 per share. This transaction amounted to $98,431,255.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 30.69 and a low of 2.291. OMF stock has a beta of 1.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.56 while the price-to-book (PB) in the most recent quarter is 2.17, with the price to cash flow ratio at 6.70.

OneMain Holdings Inc. pays an annual dividend of $2.80 per share. Its dividend yield is 4.89% and the payout ratio is 18.90%. OMF’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.70 a share compared with prior rate of $0.70, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $3.25 reported on Monday April 26 2021.

It is projected that OneMain Holdings Inc.’s next ex-dividend date will be on 6-May. OMF is expected to distribute $0.70 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 4.98, while the total debt to equity was 4.98. In terms of profitability, the gross margin trailing 12 months is 80.20%. while for the period ending June 29; OneMain Holdings Inc.’s operating margin was 37.40%. The firm’s gross profit as reported stood at $3.34 billion against revenue of $4.37 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OMF to announce $2.19 per share in earnings in its latest quarter, but it posted $2.66, representing a 21.50% surprise. OMF stock balance sheet for the quarter ending June 29 shows that, with total debt at $17.6 billion. Shareholders hold equity totaling $133.81 million

Technical Picture

Let’s look briefly at OneMain Holdings Inc. (OMF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 55.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.96%.

The stock’s 5-day moving average is $56.95, reflecting a +0.03% or $0.02 change from its current price. OMF is currently trading +3.79% above its 20-day SMA, +5.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.73% and +22.47% respectively.

Stochastic %K and %D was 55.31% and 60.42% and the average true range (ATR) pointed at 1.29. The RSI (14) points at 52.78%, while the 14-day stochastic is at 61.33% with the period’s ATR at 1.34. The stock’s 9-day MACD Oscillator is pointing at 0.05 and -0.02 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for OneMain Holdings Inc. (NYSE: OMF), Deutsche Bank launched coverage with a Buy rating. Analysts offering their rating for OMF stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OMF as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 have offered a “buy” rating.

What is OMF’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $65.00 and a high of $78.00, with their median price target at $72.00. Looking at these predictions, the average price target given by analysts is for OneMain Holdings Inc. (OMF) stock is $72.43.

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