OMF Stock Summary and Trading Ideas (Onemain Holdings | NYSE:OMF)

OneMain Holdings Inc is engaged in nonprime consumer finance companies in the United States and is one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has an online business. The main source of revenue is net interest income.

Onemain Holdings trades on the NYSE stock market under the symbol OMF.

As of November 19, 2024, OMF stock price declined to $54.52 with 712,837 million shares trading.

OMF has a beta of 1.05, meaning it tends to be more sensitive to market movements. OMF has a correlation of 0.13 to the broad based SPY ETF.

OMF has a market cap of $6.51 billion. This is considered a Mid Cap stock.

Last quarter Onemain Holdings reported $972 million in Revenue and $1.26 earnings per share. This fell short of revenue expectation by $-88 million and exceeded earnings estimates by $.12.

In the last 3 years, OMF traded as high as $56.28 and as low as $28.77.

The top ETF exchange traded funds that OMF belongs to (by Net Assets): VTI, VB, DVY, VBR, VXF.

OMF has outperformed the market in the last year with a price return of +51.9% while the SPY ETF gained +32.5%. OMF has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.3% and +10.8%, respectively, while the SPY returned +6.8% and +3.6%, respectively.

OMF support price is $54.06 and resistance is $56.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OMF shares will trade within this expected range on the day.