Short Interest in OneMain Holdings, Inc. (NYSE:OMF) Drops By 19.0%

OneMain Holdings, Inc. (NYSE:OMF) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,000,766 shares, a decrease of 19.0% from the December 31st total of 4,937,904 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,276,447 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 1,276,447 shares, the short-interest ratio is currently 3.1 days. Currently, 3.4% of the company’s stock are short sold.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the sale, the chief operating officer directly owned 88,221 shares in the company, valued at $5,222,683.20. This represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 652 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the sale, the senior vice president directly owned 15,179 shares in the company, valued at approximately $941,098. The trade was a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 63,152 shares of company stock valued at $4,269,999. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OneMain

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of OneMain in the 1st quarter valued at $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares during the last quarter. Focus Partners Wealth boosted its holdings in OneMain by 101.8% in the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 4,407 shares during the last quarter. Truist Financial Corp grew its position in OneMain by 10.9% during the 2nd quarter. Truist Financial Corp now owns 5,083 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 499 shares during the period. Finally, PFG Investments LLC raised its stake in shares of OneMain by 36.1% during the 2nd quarter. PFG Investments LLC now owns 7,506 shares of the financial services provider’s stock valued at $428,000 after buying an additional 1,991 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Price Performance

NYSE:OMF traded down $0.18 during trading hours on Monday, hitting $65.36. 1,360,387 shares of the company were exchanged, compared to its average volume of 1,269,851. OneMain has a 52-week low of $38.00 and a 52-week high of $71.93. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.37 and a beta of 1.33. The company’s 50 day moving average price is $66.49 and its 200-day moving average price is $61.21.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company earned $1.31 earnings per share. On average, equities analysts predict that OneMain will post 6.46 earnings per share for the current year.

Analysts Set New Price Targets

OMF has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Truist Financial initiated coverage on shares of OneMain in a research report on Monday, December 8th. They set a “buy” rating and a $75.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. JMP Securities set a $68.00 price target on OneMain in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $65.00 price objective (up previously from $59.00) on shares of OneMain in a report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.30.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.