OneMain FinancialOMF
OMF
About: 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.
Employees: 9,100
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
13% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 9 (+1) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 135
7% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 45
1% more funds holding
Funds holding: 372 [Q2] → 375 (+3) [Q3]
0.73% less ownership
Funds ownership: 86.68% [Q2] → 85.95% (-0.73%) [Q3]
2% less call options, than puts
Call options by funds: $75.6M | Put options by funds: $77.5M
4% less capital invested
Capital invested by funds: $5.03B [Q2] → $4.84B (-$187M) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$46
11%
downside
Avg. target
$57
9%
upside
High target
$63
21%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 14%upside $59 | Overweight Maintained | 9 Dec 2024 |
Stephens & Co. Kyle Joseph 17% 1-year accuracy 1 / 6 met price target | 10%upside $57 | Overweight Initiated | 13 Nov 2024 |
Wells Fargo Michael Kaye 100% 1-year accuracy 3 / 3 met price target | 0%upside $52 | Equal-Weight Maintained | 31 Oct 2024 |
JMP Securities David Scharf 83% 1-year accuracy 43 / 52 met price target | 19%upside $62 | Market Outperform Maintained | 31 Oct 2024 |
Compass Point Giuliano Bologna 60% 1-year accuracy 6 / 10 met price target | 21%upside $63 | Buy Maintained | 31 Oct 2024 |
Financial journalist opinion
Positive
Benzinga
6 days ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Financial Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Neutral
Business Wire
2 weeks ago
Figure Technology Solutions Appoints Macrina Kgil as Chief Financial Officer
NEW YORK--(BUSINESS WIRE)--Figure Technology Solutions (“Figure”), a technology platform powering a more efficient and liquid marketplace for financial products, today announced that Macrina Kgil, a seasoned finance executive, joined as Chief Financial Officer. “Macrina is the perfect fit for Figure, given her industry expertise and deep background in public markets and public company finance functions,” said Michael Tannenbaum, Chief Executive Officer of Figure. He continued, “We recently surp.
Positive
Seeking Alpha
1 month ago
November's 5 Dividend Growth Stocks With 4.91%+ Yields
Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this month, we have two new names that haven't made the discussion portion before.
Neutral
GlobeNewsWire
1 month ago
Payday Loans Market Report 2024, Featuring Profiles of Check Into Cash, Kotak Mahindra Bank, OneMain Holdings, Advance America and ACE Cash Express
Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The "Payday Loans Market Report 2024" has been added to ResearchAndMarkets.com's offering. The payday loans market size has grown strongly in recent years, from $35.47 billion in 2023 to $35.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period can be attributed to factors such as increased financial instability, limited access to traditional credit, economic downturns, high unemployment rates, regulatory changes, and the emergence of digital lending platforms. The payday loans market size is expected to see strong growth in the next few years, growing to $43.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth during the forecast period can be attributed to rising economic uncertainty, increasing unemployment rates, changes in consumer borrowing habits, regulatory shifts, fluctuations in interest rates, and a growing demand for short-term financial solutions.
Positive
Seeking Alpha
1 month ago
OneMain Holdings: Solid Q3 Reduces Credit Loss Fears
OneMain delivered solid Q3 results as credit fears largely did not come to fruition. Its tighter standards and shrinking back book are helping to decelerate loan losses growth, creating a path to profit growth. With an 8% dividend yield, some buybacks, and an 8.6x multiple, OMF is attractive.
Neutral
Seeking Alpha
1 month ago
OneMain Holdings, Inc. (OMF) Q3 2024 Earnings Call Transcript
OneMain Holdings, Inc. (OMF) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
OneMain (OMF) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for OneMain (OMF) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
OneMain Holdings (OMF) Beats Q3 Earnings and Revenue Estimates
OneMain Holdings (OMF) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.57 per share a year ago.
Neutral
PRNewsWire
1 month ago
ONEMAIN HOLDINGS, INC. REPORTS THIRD QUARTER 2024 RESULTS
3Q 2024 Diluted EPS of $1.31 3Q 2024 C&I adjusted diluted EPS of $1.26 3Q 2024 Managed receivables of $24.3 billion Declared quarterly dividend of $1.04 per share Repurchased 420 thousand shares for $19 million in 3Q NEW YORK , Oct. 30, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $207 million and net income of $157 million for the third quarter of 2024, compared to $246 million and $194 million, respectively, in the prior year quarter. Earnings per diluted share were $1.31 in the third quarter of 2024, compared to $1.61 in the prior year quarter.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: OneMain Holdings (OMF) Q3 Earnings Expected to Decline
OneMain (OMF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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